EURUSD: Can Be Seen Testing Its 52W Low
Looking at EURUSD’s chart, we can see that it has been in a downward trend and it keeps dropping below its support level of 1.
Currently, it is traded at the rate of around 0.9970, and today if it will not be able to recover above the rate of 1, then we could see it testing its 52W low, which is below 0.99.
(Click on image to enlarge)
More By This Author:
USDJPY: Technical Correction Is Expected
Lululemon: Expected To Rise Towards Its Resistance Level At Approximately $320
GBPUSD: An Expected Rise Towards Its Resistance Level At Around 1.1730
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.
