LimitMarkets

EURUSD testing 1.1400 level

OANDA:EURUSD   Euro / U.S. Dollar
We may expect a horizontal movement with 1.1380 support that will continue for a while.
In an upwards scenario, the price will find support at 1.1380, pierce through 61.8 Fibo and move towards 1.1440, then 1.1460. In the mid-term, 1.1500 target is on the radar.
But in case the price bounces off from 61.8 Fibonacci retracement level at 1.1400, it will lower towards the firm support at 1.1300.

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