EUR/USD is facing 1.1500 resistance, and a breakout of this level could trigger further upside movement to the 1.1700 area.
EUR/USD is facing 1.1500 resistance, and a breakout of this level could trigger further upside movement to the 1.1700 area.
On the downside, as long as 1.1500 resistance holds, the sideways movement in the trading range between 1.1215 and 1.1500 could be treated as consolidation for the downtrend from 1.1815. Another fall to test 1.1215 support is possible, below this level would aim at the 1000 area.
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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