HomeContributorsTechnical AnalysisEUR/USD Likely To Mainain Channel

EUR/USD Likely To Mainain Channel

During the first half of Thursday’s trading session, the EUR/USD currency pair surged by 30 pips or 0.26%. However, the exchange rate erased the earlier gains by the end of the trading session.

Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, the European single currency could edge lower against the US Dollar within this session.

But, the currency exchange rate might find support near the weekly S2 at 1.1670 during the following trading session.

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Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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