EURUSD Retreats after Edging Closer to 1.1900

0 30

The euro currency is trading weaker following a steady intraday gain.

Price rose to highs of 1.1893 before pulling back after nearing the 1.1900 level.

If price continues to push lower, then the lower high could signal a shift to the trend.

For now, the 1.1800 level remains critical for the EURUSD. A close below the 1.1800 support would mean further declines to the 1.1715 level.

The bias remains mixed at the moment, despite the Stochastics oscillator pushing down from the overbought levels.

We could expect the declines to stall near the support area of 1.1850 for the moment.

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Your email address will not be published.