HomeContributorsTechnical AnalysisEURUSD Intraday Analysis

EURUSD Intraday Analysis

EURUSD (1.1339): The EURUSD currency pair closed with a doji candlestick pattern for the past three days. Price action remains firmly above the support at 1.1327 level, but with no new highs on the sight, we could expect the consolidation to continue in the near term. While the support level holds, the EURUSD remains bullish with the prospects of a test to 1.1435 level of resistance in the near term. However, in the unlikely event that the common currency slips below the support, price action could test the previously established lows of 1.1256.

Orbex
Orbexhttp://www.orbex.com/en/agent/cl/ccc678cb86b9
At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading.

Featured Analysis

Learn Forex Trading

Exploring the Trend Line

Trading USD/CAD Currency Pair

What is Forex Trading?