EURUSD: Expected To Move Towards Its Resistance Level

Jun 30, 2022 at 9:31 AM EDT

An upward reaction is expected towards its resistance level at around 1.0530 otherwise it could fall to a new 52w low rate.

Looking at EURUSD’s chart, we can see that it is in a downward trend, currently trading at around 1.0435 with a direction toward its support level at around 1.0380-1.04.

If it will be able to hold its rate above that level, then an upward reaction is expected towards its resistance level at around 1.0530 otherwise it could fall to a new 52w low rate.

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EURUSD

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