ACTIV8X

EurUsd: Failed to breach its major resistance area!

FX:EURUSD   Euro Fx/U.S. Dollar
108 0 0
The EurUsd             failed to cut through its major resistance area, which consists of its EMAs, Its 1.12239 resistance level and its Old trend in Orange. The latter represented a tough resistance that threw the EurUsd             back to 1.11646.

Tuesday's doji suggests an inversion towards 1.11118, with 1.11431 as a primary objective. The parity is already halfway from 1.11118.

The major resistance area will be the objective of any inversion, should it occur, with 1.11907 as a primary level.

The daily Pivot Point is around 1.11981. The daily support levels are 1.11348 and 1.10941. The daily resistance levels are around 1.12388 and 1.13021.
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