Get started
OctaFX_Official

EURUSD gains slowing

Euro / U.S. Dollar (FX:EURUSD)  
OctaFX_Official  
FX:EURUSD   Euro / U.S. Dollar
Chart Patterns Trend Analysis Technical Indicators EURUSD euro dollar octafx support Support and Resistance
1
0
chartpattern trendanalysis indicator eurusd euro dollar octafx support supportandresistance
The recent gains in the euro currency against the US dollar has started to slow as traders await EU PMI data and Thursday’s important ECB meeting. EURUSD buyers are now testing the 1.1265 level, with further gains towards the 1.1300 to 1.1320 resistance level is still possible. Overall, the next strong directional move in the EURUSD is unlikely to occur until after ECB President Mario Draghi speaks on Thursday.

The EURUSD pair is only bullish while trading above the 1.1265 level, key technical resistance is found at the 1.1300 and 1.1320 levels.
If the EURUSD pair trades below 1.1265 level, key technical support is found at the 1.1230 and 1.1215 levels.

Related Ideas

OctaFX_Official
EURUSD 1.1265 still the level to watch
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.