EUR/USD: An Expected Climb Towards The Closest Resistance Level

Today we could expect an attempt to climb towards the 1.136 closest resistance level.

Looking at EUR/USD Chart, we can see the fall from the 1.138 range to the 1.132 range on the 19th of February and the subsequent reaction, bouncing back up in the 1.137 range but unable to hold on and consolidate, it fell below the 1.131 level, finding support at the 1.129 range. Earlier today it raised from that 1.129 support level, reached as high as 1.136 momentarily, but retracted once again and was last found trading around the 1.132 range, having the 1.31 as closest temporary support and closest overhead resistance of 1.136 level.

Today we could expect an attempt to climb towards the 1.136 closest resistance level.

If however, it does not manage to hold above the 1.132 range then a move towards and below the 1.131 support level can be expected.

(Click on image to enlarge)

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