The Euro bulls tried to push prices above resistance reaching 1.1470 but failed to keep momentum and Dollar bulls took control over the situation and lowered prices to today's low.
Now first support is seen at 1.1270, while first resistance is seen at 1.1440.
Main trend remains bullish with market sentiment predominantly bullish.
Chart: EUR/USD D1
It's falling towards 1.1270 again.
ReplyDeleteThe rising wedge was followed by a strong reversal.
ReplyDeleteThank you for the analysis.
ReplyDeleteLet’s see how it keeps going.
ReplyDeleteLet's see the support level 1.1270 will hold.
ReplyDeleteNot any more!!
ReplyDeleteVery helpful analysis, thank you for sharing!
ReplyDeleteIt was interesting to read! Thanks a lot!
ReplyDelete