1.1400-1.1440 a step too far for EUR/USD

Posted Monday, April 4, 2016 by
Skerdian Meta • 1 min read

The US Dollar has been losing ground lately while the Euro has enjoyed some demand, which has made EUR/USD twice as vibrant. This pair surged last week from around 1.11 to 1.1440. But, the 1.14-1.15 zone has always proved to be a step too far for this pair. It has climbed to these levels on quite a few occasions last year but every time it has failed to stay here or move above, apart from that occasion when the Chinese stock market crashed in August. It is finding it difficult to hang on again, that´s why we opened another EUR/USD sell signal. 

EUR/USD has failed several times to stay at these levels


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