Hello, Traders! Monfex is at your service and today we overview EUR/USD.
EUR/USD broke the support, trend line with a double-top pattern. Now at the support zone, 38.2% Fibonacci. The target is 61.8%. In short-term expect some rebound to 23.6% with a local bullish divergence.
The resistance zone ~ 1.11745
The local resistance zone ~ 1.11095
The key support level ~ 1.1063
The target zone ~ 1.0995
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Disclaimer This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.