TipTVFinance

EUR/USD – Bulls would cheer daily closing above 50% Fibo

FX_IDC:EURUSD   EURO / US DOLLAR
Resistance – 1.1131, 1.1183, 1.1236

Support – 1. 1088             , 1.1058, 1.10

  • Pair’s retreat from the European session high of 1.1154 following a three-day winning streak indicates the bullish momentum may have run out of steam for now and thus could yield sideways action just above 1. 1088             (50% of 1.0463-1.1714).
  • Nevertheless, a day end closing above 1. 1088             today in the wake of a better-than-expected preliminary Eurozone CPI             report would signal continuation of the rally from Friday’s low of 1.0911 and open doors for a further upside towards 1.236 (38.2% of 1.0463-1.1714).
  • On the other hand, a daily closing below 1. 1088             would signal end of the corrective rally from Friday’s low and could result in a fall back to 1.10 levels.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out