Currency Majors Technical Perspective


EUR/USD Current price: 1.3344 View Live Chart for the EUR/USD Source: Visual Chart Euro managed to break below 1.3420, last week’s low, suggesting selling on strength is the favoured strategy. While early short-covering should not be discarded, any approach back toward 1.3400 up to 1.3420, 50% fib retrac from yesterday’s decline, should meet a great deal of selling interest, as traders await the right zone to continue pulling the trigger for a potential retest of 1.3150/70 support area. A

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Currency Majors Technical Perspective


EUR/USD Current price: 1.3344 View Live Chart for the EUR/USD Source: Visual Chart Euro managed to break below 1.3420, last week’s low, suggesting selling on strength is the favoured strategy. While early short-covering should not be discarded, any approach back toward 1.3400 up to 1.3420, 50% fib retrac from yesterday’s decline, should meet a great deal of selling interest, as traders await the right zone to continue pulling the trigger for a potential retest of 1.3150/70 support area. A

Comments are closed.