Euro struggles to hold above 1.13

For the past week the euro has been in a "make-it-or-break-it" situation struggling to hold above 1.13 mark. The last high of 1.1468 made on May 15 acts as a starting point to a downward trend for the most traded currency pair in the world.


The euro has been trying to break the resistance line for a days in a row now and has failed in every attempt. As traders and investors are waiting for fresh news to stir the market, the eurusd is trading in the range between 1.1260 - 1.1350.

Chart: H4