EURUSD Bounces Off Lower End Of The Range

0 211

The euro is firmly entrenched in a sideways range with last Friday’s price action bouncing off the 1.1261 level.

Price action continues to drift sideways amid a lack of any clear direction.

Above the 1.1347 upper range, the common currency will be met with the next key resistance level near 1.1400.

Only a strong breakout above this level will signal any signs of an uptrend taking shape.

To the downside, below 1.1261 is the lower support level near 1.11684 that might come into the picture in case of a move lower.

Test your strategy on how the euro will fare with Orbex - Open your account now. 

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.