Euro Inches Closer to 1.1900

0 46

The euro is holding onto its three-day winning streak.

Price action is trading closer to the 1.1900 level which has held up as resistance as early as September 21.

The current pace of gains will see a possibility for the EURUSD to breakout higher.

A close above 1.1900 could renew bets of a re-test to the 1.2000 handle once again.

To the downside, the support area near the 1.1800 level will likely hold the common currency from further declines at the moment.

From the daily charts, the current breakout also coincides with the bullish triangle pattern.

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Your email address will not be published.