HomeContributorsTechnical AnalysisEuro Pulls Back At Support Ahead Of ECB Meeting

Euro Pulls Back At Support Ahead Of ECB Meeting

EUR/USD continues its retreat as price action slipped to the support area. There is also a confluence of the rising trend line, indicating that there is strong support at the 1.1300 region. If price action breaks below this level, then we expect the 1.1200 handle as the next downside target. To the upside, the 1.1500 level will be critical for price to continue further to the upside.

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