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VanSteenMarketResearch

EURUSD heading towards critical price level

Euro / U.S. Dollar (FX:EURUSD)  
VanSteenMarketResearch  
FX:EURUSD   Euro / U.S. Dollar
Fundamental Analysis Head and Shoulders Support and Resistance eurodollarshort eurusdprediction technical
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fundamental headandshoulders supportandresistance eurodollarshort eurusdprediction technical
EUR fundamentals are more bearish because of the political situation in Italy.

Watch price action carefully when price reaches the 1.15 area. What might potentially happen:

- Not respecting the level and goes further towards 1.10 / 1.05 zone.

- Respect the level and bounce back towards 1.20 / 1.25 zone.

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