Recent decline of EURUSD after testing static resistance area 1.0790-1.0815 from 13.Nov has developed in narrowing triangle format. Today pair has tested and retraced from its lower line at 1.0570.
First resistance for EURUSD is marked with dark blue lines from 30.Oct and 13.Nov highs, at 1.0670 and 1.0690. After being tested, EURUSD price may continue moving in current price range back to 1.0560 or break this dynamic resistance. Close above 1.0690 would signal buy EURUSD targeting 1.0790.
1.0790 is confirmed as resistance with 23,6% Fibo correction level to descending wave 1.1495-1.0565.
First resistance for EURUSD is marked with dark blue lines from 30.Oct and 13.Nov highs, at 1.0670 and 1.0690. After being tested, EURUSD price may continue moving in current price range back to 1.0560 or break this dynamic resistance. Close above 1.0690 would signal buy EURUSD targeting 1.0790.
1.0790 is confirmed as resistance with 23,6% Fibo correction level to descending wave 1.1495-1.0565.
