The EURUSD tried to rally back to the $1.1400 last week. The positive gains on Thursday were partly removed by Friday’s depreciation as EURUSD closed at 1.1403. In the short term, price action is likely to trade within a range ahead of key events this week that includes the semi-annual testimony to Congress by Fed Chair, Janet Yellen.
The lower high formed in EURUSD on the 4-hour chart suggests that price action could be biased lower. Support is seen at 1.1357 followed by 1.1300. A breakdown below this level could see the common currency post further declines. However, if support is established at 1.1357 or 1.1300, then expect further appreciation with the currency pair likely to remain consolidating above this level.
The lower high formed in EURUSD on the 4-hour chart suggests that price action could be biased lower. Support is seen at 1.1357 followed by 1.1300. A breakdown below this level could see the common currency post further declines. However, if support is established at 1.1357 or 1.1300, then expect further appreciation with the currency pair likely to remain consolidating above this level.
Sprawdź największy polski portal traderski - comparic.pl i dołącz do najbliższej edycji konferencji InvestCuffs! expo.investcuffs.pl. Do zobaczenia w Krakowie!