EURUSD: Can Be Seen Dropping Towards The Next Support Level

Looking at EURUSD’s chart, we can see that in the past few days, the FX pair was tradable in a range around the rate of 0.97. Today, if it manages to hold the rate above the level 0.97, then we could see it climbing towards the first resistance level at around 0.9740-0.9750. However, if it failed to hold it above that support level, then we could see it dropping towards the next support level of around 0.9640-0.9650.

(Click on image to enlarge)

EURUSD


More By This Author:

USDJPY: Can Be Seen Approaching The Psychological Resistance Level
PepsiCo: Could Drop Towards Its Support Level
Domino's Pizza: Expected To Rise Towards Its Resistance Level At Approximately $320

Disclaimer: Trading is risky. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with