Hanging around 1.14 - Forex News by FX Leaders

Hanging around 1.14

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

EUR/USD has had the fourth or the fifth attempt at the 1.1410 level this afternoon but it failed to break it and in the last hour it moved back below 1.14. Right now it is at 1.1380. The bulls are trying to break 1.14 but without success while the bears are trying to push the price down but they can´t push too far from 1.14. The fight between bears and bulls in on right now, so we will see who will find the strength to push the price in their direction.  

There seems to be forming a resistance at 1.1410 

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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