Looking at EURUSD’s chart, we can see that in the past weeks, it has traded mainly between the range of 1.0270 and 1.0130 whereas currently, it is at the rate of around 1.016. Around this level there is support therefore if today it manages to hold it above that level then we could expect an upward reaction towards its resistance level at around 1.02 otherwise it should test its next support level at around 1.013.

More By This Author:
Devon Energy: Expected To Move Upwards Towards Its Resistance Level At Around $64
EURGBP: Expected To Test Its Resistance Level At Around 0.84
EURUSD: Expected To Hold Its Rate Above Its Support Level



Comments
Log in or sign up to join the conversation.