EUR/USD – Just one more hurdle to go

FX:EURUSD   Euro / U.S. Dollar
Euro’s retreat from the session high of 1.1322 to 1.1275 following a convincing intraday break above resistance zone of 1.1236 (38.2% of 1.0463-1.1714) – 1.1242 (falling trend line hurdle) indicates there is still one more hurdle – around 1.1330 (rising trend line drawn from 1.0517-1.0822 and extended), which needs to be breached.

A day end close today above 1.1242 would mark a bullish break from falling channel and increase odds of a subsequent break above 1.1330.

On the other hand, a move back below 1.1236 by day end close would suggest fresh drop to 1.10 handle.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out