Euro Drives Ahead as it Briefly Tests 1.2100

0 72

The euro currency continues to power on as price touched a new high of 1.2100 intraday on Wednesday.

The gains come as the US dollar continues to soften on speculation of a new stimulus bill from Congress.

For the moment, price action remains bullish. But, considering that there has been no real support except for the trend line, signals a possible correction.

This could mean that the EURUSD is likely to fall back to the trend line support.

A breakdown of the trend line could however signal further losses down to the 1.1900 levels.

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


or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.