Euro Advances On A Softer USD

0 41

The euro currency is on track to post gains for the fourth consecutive session.

The common currency is rising once again on the back of a weaker USD.

Price action is still a few pips away from the 1.1900 level. But a breakout above this level could signal a move toward the 1.2000 handle next.

To the downside, the risks are diminishing. Unless we see a reversal that will close below 1.1805, we expect the upside to prevail for the moment.

EURUSD will need to break out from the trend line in order to confirm the upside further.

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Your email address will not be published.