KN_FXtrader

EUR/USD Technical Analysis

Long
FX:EURUSD   Euro / U.S. Dollar
As you see the resistance of 1.1287 is keeping the price down. There is a possible H-S pattern. In my opinion the support area of /1.10521.1093 is looking very strong and the price won't move down from this level. The negative macro data of US would also help not to go down this level. So i think the price could reach again the area of 1.1393/1.1445 and then we should wait to see the buyers' power...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.