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EUR/USD - the price was unable to overcome the level of 1.24

Short
Euro / U.S. Dollar (FX:EURUSD)  
SuperForex  
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Fundamental Analysis Chart Patterns EUR USD EURUSD
4
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supportandresistance fundamental chartpattern eur usd eurusd

By the beginning of today's trading our pair has managed to test a strong 1.24 level and move away from it by more than 25 points.

At the moment the pair has found resistance at this level and formed a reversal pattern on the hourly chart. It is capable of sending the price to the mark of 1.2315.

Today there is a lot of data on both the US and the Eurozone. Therefore, given increased volatility in these moments, we can expect similar options for the price. Also today we’ll have a meeting of the Eurogroup and the ECB member Constâncio. So we can count on acceleration of the market and getting a quick profit because of that.
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