TipTVFinance

EUR/USD - selling to gather pace below 1.14

FX:EURUSD   Euro / U.S. Dollar
EUR/USD rose to 10-SMA level of 1.1468 as anticipated earlier today.

But now, the pair looks shaky.

  • Having failed to sustain above 1.1465, the currency pair is at risk of losing further ground towards 1.14 levels.
  • A break below 1.14 would add credence to bearish move from daily highs and open doors for a drift lower to 1.1330 (minor rising trend line hurdle on the daily chart).
  • Bulls need a daily closing above 1.1465 levels
.

Also check out EUR/USD view posted earlier this week

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.