By Orbex
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:
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
By JustMarkets On Tuesday, the US stock market concluded the session with a slight decline.…
By Analytical Department RoboForex GBP/USD rose to 1.3450 on Wednesday. Expectations of de-escalation in the…
By Leonardo Macelloni, University of Mississippi You may be hearing a lot lately about critical…
By JustMarkets The US stock market concluded Monday’s session with gains. By the end of…
By Analytical Department RoboForex EUR/USD is trading around 1.1608 on Tuesday. The US dollar attempted…
By Michael Klein, Tufts University The “fog of war” refers to confusion and uncertainty on…
This website uses cookies.