EURUSD Taking Its Time

The euro currency is struggling to rally against the US dollar as the pair continues to consolidate around the neckline of an inverted head and shoulders pattern. Selling interest under the 1.1900 level is still not present the EURUSD pair still holds a positive bias. Sellers should be very careful as the size of the bullish pattern is warning that the EURUSD pair could still reach the 1.2000 level.

The EURUSD pair is only bullish while trading above the 1.1925 level, key resistance is found at the 1.1970 and 1.2000 levels.

EURUSD pair is only bearish while trading below the 1.1925 level, key support is found at the 1.1900 and 1.1800 levels.

1 view0 comments

Recent Posts

See All