abed0123

EUR is Gaining Strength against USD

FX:EURUSD   Euro / U.S. Dollar
Bullish divergence is spotted here on daily time frame indicating a possible reversal. If the price breaks the trend line, we should expect a rebounce on previous support level at 1.084. If this support level breaks, the next target is the previous resistance level at 1.113. However, depending on macroeconomics situation, rejection on any of this level is possible that may lead the price to test the previous low at 1.036.
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.