TipTVFinance

EUR/USD – Fresh bids likely above 1.0707

FX:EURUSD   Euro / U.S. Dollar
1.0707 is the confluence of the descending trend line hurdle and 38.2% fib retracement of the trump sell-off.
A break above 1.0707 could yield a test if the inverse head and shoulder neckline level of 1.0795-1.08.
Failure at 1.0707 for two consecutive days could yield a pull back to 1.0567.

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.