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 shows signs of resurgence
EUR/USD managed to break through the key $1.0629 resistance level yesterday, with price subsequently consolidating. Given the current move back below that level, it seems we are set upon a deeper retracement of yesterday’s rally.
However, given the creation of a new higher high above $1.0629, coupled with the fact this bounce is occurring from the crucial $1.0525 support level (December 2015 low), a bullish short-term view is in play. Given the break back below $1.0629, it looks as though a deep retracement of 70% or 76.4% could be on the cards. Should that occur, it could present a strong bullish case.
The difficulty though would be determining whether to look for a retracement of the rally from $1.0591 or $1.0526. In either case, it seems likely any selling pressure could be fleeting.