The EUR/USD is trading at its lowest since the beginning of December. In today's trading session the pair reached 1.0764 and is currently trading at around 1.0770.
We did not see much of an impact by the rate hike, but the after effect turned out to be quite positive for the U.S. Dollar.
First level of support for the pair is 1.0760, S2 1.0734.
First resistance for the pair: 1.0800, R2 1.0850
Chart: EUR/USD D1
The pair broke below the support at 1.0760 and is headed for 1.0730.
ReplyDeleteThe downtrend is continuing as i see.
ReplyDeleteThe downtrend looks intact.
ReplyDeleteGood post. Very helpful.
ReplyDeleteGreat analysis.
ReplyDelete