JinDao_Tai

EUR/USD Outlook (20th February 2019)

FX:EURUSD   Euro / U.S. Dollar
  • EUR/USD moving towards support level

Price Movement
Yesterday, EUR/USD went up by around 50pips before coming back down for around 20pips.

Trend
Overall, EUR/USD is trending downwards.

Macro Background
None.

Important Issue
None.

Technical
Yesterday, EUR/USD tested and rejected the 1.30 key level.
EUR/USD went on to break the resistance level of 1.13256.
Currently, EUR/USD is moving towards the support level of 1.13256.

Price Levels
Current Price: 1.13385
Next Resistance: 1.14138
Next Support: 1.13256

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