EURUSD Trading strategies: Short in the 1.1930 area, stops above 1.1960, objectives at and below 1.1880.
The Euro extended recent losses vis-à-vis the U.S. Dollar on yesterday as the currency tested bids around the support level at 1.1860 after encountering offers around the 1.1930 level. We are expecting the range of 1.1860-1.1940 to remain valid until Friday, at least. Support is formed by 1.1860 and interim support is seen at 1.1890.
Resistance is formed within 1.1920 and 1.1930 and higher, the key res seen at 1.2000. The hourly charts are slightly bullish while the dailies and mixed yet not far from turning bullish. Current exchange rate is 1.1911
Other Articles You Might Enjoy:
