Will the Euro bears win the battle today?

Posted Wednesday, April 6, 2016 by
Skerdian Meta • 1 min read

EUR/USD has been bouncing up and down between 1.1335 and 1.14 for a few days now. It has even spiked up to 1.1430s last Friday but the 1.1400-10 level has been the ultimate resistance so far. The fight between the bears and the bulls has been quite balanced but I have a feeling that the bears are slowly getting stronger than the bulls. So, the downside looks more favourable right now but 1.1330 has to go first and then 1.13 before the bears get really confident. 

EUR/USD seems to be heading down today

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