EURUSD broke above the falling trend line on the daily chart, suggesting that the downside movement from 1.1570 had completed at 1.1106 already.
EURUSD broke above the falling trend line on the daily chart, suggesting that the downside movement from 1.1570 had completed at 1.1106 already.
A further rally would likely be seen in a couple of weeks and next target would be at 1.1500 area.
Near term support is at 1.1220, only a breakdown below this level could trigger another fall towards 1.1100.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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