Yesterday EUR/USD broke above the 1.1320 – 40 which has been a support level in the past two weeks. It reached 1.1380s but has turned south after failing twice to break it. Right now the price is in the 1.1320 – 30 region. It is taking its time and looks like there is no rush to break below it. London is closing in 10 minutes so we expect the volatility to decline further. We took a small long down here hoping that the price makes a 20- 30 pips bounce.
The price is at the resistance level
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
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.
Related Articles
Comments
Subscribe
Login
Please login to comment
0 Comments
Oldest
Sidebar rates
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals