HomeContributorsTechnical AnalysisEURUSD Intraday Analysis

EURUSD Intraday Analysis

EURUSD (1.2362): The euro currency reversed the declines as price was seen pushing higher on the day. The euro gained 0.77% on the day but price action was confined to Wednesday’s range. The bounce in the common currency sent the euro to trade back at the 1.2363 level of resistance which also coincides with a medium term trend line. A reversal at this level is quite likely but overall, the EURUSD is expected to maintain a sideways range within the 1.2363 and 1.2180 levels of resistance and support.

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