25 Nov

EURUSD Holds Steady Above 1.1800

November 25, 2020

By Orbex

eurusd

The euro currency managed to recover from the declines on Monday. Price action made a quick recovery after testing the lower support near 1.1800.

However, the upside gains are stalling near the trend line. This could keep price action contained for the moment.

Only a strong breakout above the trend line will see further gains coming.

But the resistance level of 1.1900 is also weighing on the common currency.

Free Reports:

Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter




As a result, we could expect the EURUSD to hold on to its sideways range for the moment between 1.1900 and 1.1800.

By Orbex


investmacro cot newsletter




Financial News Forex and Currency News