EURUSD Trading strategies: Long in the 1.1970 area only if 1.1970 holds, stop below 1.1950 and objectives at 1.2015 and higher, at 1.2050.
The retracement at 1.1965, the 61.8 fib of the 1.1905-1.2058 move may suggest a new test at 1.2050 later. Support starts at 1.1970 followed by 1.1900. Resistance starts at 1.2015 followed by 1.2060. Momentum is still negative on the hourly charts but slightly gaining some ground during the last few hours. Current exchange rate is 1.1993
Other Articles You Might Enjoy:
