Tue, Dec 01, 2020 @ 06:11 GMT
Home EUR/USD Trades Near 1.1860

EUR/USD Trades Near 1.1860

The EUR/USD currency pair has raised to the psychological level at 1.1860.

From the one hand, it is likely that some upside potential could prevail in the market. In this case the exchange rate could exceed the 1.1900 level in the nearest future.

Meanwhile, note that the rate would have to exceed the weekly R2 at 1.1884. If the given resistance holds, a reversal south could occur, and the currency pair could decline to the weekly R1 at 1.1803.

 

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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