Today, the EUR/USD pair failed to rise above 1.1624, trading below 1.1600 and the significant support level of 1.1582. It reached a low of 1.1574 before consolidating and trading above 1.1600 again.
Analysis and Outlook
For the bulls
, the first resistance level to overcome is 1.1624. A successful push past this point could lead to a move toward today's high of 1.1647, which may encourage more buyers to join in a rally toward 1.1700.
On the other hand, the bears
must break through the recent lows to continue their descent toward the next support levels at 1.1548 and 1.1528.
It was nice sharing my views with everyone, have a great rest of the day!
Analysis and Outlook
For the bulls
On the other hand, the bears
It was nice sharing my views with everyone, have a great rest of the day!
Looking for profitable short term trades ...|
3