Currently set to Index
Currently set to Follow

EURUSD Falls to a Two-Month Low

0 201

The euro currency continues its descent, now for the fourth consecutive session. The declines accelerated following two days of subdued price action earlier this week.

The current pace of decline opens the downside target to the 1.1900 level of support. But in the near term, the common currency could reverse losses.

A retest of the 1.2050 level to establish resistance will be ideal.

This will also potentially confirm the downside as the Stochastics oscillator is very oversold under current market conditions.

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Your email address will not be published.