Vi bruker en rekke cookies for å forsikre oss om at du får den beste brukeropplevelsen. Ved kontinuerlig bruk av denne nettsiden, godtar du bruken vår av cookies. Du kan lese mer om policyen vår for cookies her, eller ved å følge linken nederst på alle sidene på nettstedet vårt.
EUR/USD back to trendline resistance
EUR/USD rallied late into yesterday’s session, bringing price back to a trendline dating back to late February. There is no doubt that this sell-off has lost a lot of its steam of late, yet with expectations of further easing at the European Central Bank next week, there is a good chance we could see further downside.
For now, the pair continues to marginally make lower highs. Thus while the bearish view remains, an hourly close above trendline and $1.0881 resistance would point towards some form of retracement higher, with $1.0911 the next resistance level in view.
Alternately, another move lower would look towards support levels at $1.0853 and $1.0826.