Technical Analysis

EURUSD Intraday Analysis


EURUSD (1.1803): The euro currency closed on a bearish note yesterday extending declines for two consecutive days. With the currency closing below the 1.1843 - 1.1822 level of support/resistance, we expect to see further declines. Any gains are likely to be limited to the resistance level mentioned. To the downside, the declines could be seen pushing the euro towards the 1.1710 level of support. In the event that EURUSD manages to close back above the resistance level, we could expect to see the bullish bias taking over. The euro could be seen attempting to post gains towards the 1.1920 level of resistance

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