EURUSD : WHAT NEXT ?
According to the technical analysis of the pair: Recent bullish EUR/USD movement still lacks the strong momentum in order to be able to reverse the general trend, which is still bearish. At the same time, the resistance levels 1.1020, 1.1100 and 1.1185 may be the first correction stations to support stronger bulls control over performance. On the other hand, a return to the move towards the support levels 1.0855 and 1.0790 is a confirmation of the strength of the current downtrend.
Rise from 1.0768 could be a corrective pattern from 1.0635 and would target 61.8% retracement of 1.1496 to 1.0635 . On the downside, break of 1.0768 will resume the fall to retest 1.0635 low instead.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Rise from 1.0768 could be a corrective pattern from 1.0635 and would target 61.8% retracement of 1.1496 to 1.0635 . On the downside, break of 1.0768 will resume the fall to retest 1.0635 low instead.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
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