The price settled at the strong support zone of 1.183. Expect the price to rise towards a retest of the resistance line around 1.214. The Euro edges closer to the 2021 peak of 1.2348. With the technical landscape tilting higher.
تعليق:
EURUSD pair has rallied this week north of 1.1941 support zone.
However the 1.20 resistance level may prove difficult to break for the bulls. If the bulls succeed then I would set my target to around the 1.2053 level.
On the downside if the current rally fails to hold above 1.194 then expect the price to fall back to support at 1.1761
However the 1.20 resistance level may prove difficult to break for the bulls. If the bulls succeed then I would set my target to around the 1.2053 level.
On the downside if the current rally fails to hold above 1.194 then expect the price to fall back to support at 1.1761
If EURUSD settles above the 1.1989 zone, then bias will shift towards upper channel resistance at 1.214.