TradingView
INFINOX_Capital
Jan 13, 2020 8:29 AM

EURUSD - Getting support Long

EURO / U.S. DOLLARICE

Description

EURUSD (1H) - short term bullish bias

The euro has found buying interests after it pulled back to the daily support area of 1.1090. Last Friday's close with a bullish candle was a sign that the retracement might have come to an end. The hourly chart is also painting an optimistic picture. A bullish RSI divergence showed that the sell-off was decelerating. The post-NFP break-out above 1.1110 and a bullish MA cross are robust confirmations that market sentiment has turned in euro's favour.

Key support: 1.1100
Key resistance: 1.1160
More