EUR/USD: market going to test nearest resistance

Read the article on FBS website

27-6-2017-EUR-H4.png

The price is still consolidating. Therefore, the market is likely going to test the nearest resistance at 1.1232 in the short term. If we see a pullback from this level, there'll be an opportunity to have a decline towards the 89 Moving Average.

27-6-2017-EUR-H1.png

Bears faced support on the 34 Moving Average. So, the pair is likely going to reach the next resistance at 1.1219 - 1.1227 during the day. If a pullback from this area happens, we should keep an eye on the closest support at 1.1165 - 1.1137 as an intraday target.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.