The EUR/USD pair was the one impacted the most as price was at a low of 1.0961 and is now trading at its highest at 1.11. The pair is trading in a downward channel on the short-term and in order for a bull run to be confirmed we have to close above 1.1140.
Until then, first resistance is seen at 1.1133 while first support is found at 1.1020.
Scheduled for later today is the Unemployment Rate of Germany and France and also the Consumer Price Index. These news might have medium impact on the pair.
Chart: EUR/USD H4
The fundamentals caused a good rally, but the multi-day range still isn't broken.
ReplyDeleteLooks like it will keep pushing higher.
ReplyDeleteIt found some resistance at 1.1120.
ReplyDeleteThanks for such an informative article.
ReplyDeleteVery helpful and insightful analysis, excellent.
ReplyDeleteThanks for the relevant information.
ReplyDeleteAnother excelllent analysis!
ReplyDeleteThe trend is still bullish. Strong rally.
ReplyDelete