EURUSD BULLISH DOUBLE BOTTOM FORMING
The euro is rising against the greenback in early Thursday trade after sellers once again failed to break with 1.1300 support level. The recent technical failure, at 1.1301, has created a bullish double-bottom pattern, which is encouraging intraday buying interest. The next large directional move in the EURUSD pair is likely to occur once the 1.1301 to 1.1380 price range has clearly been breached.
The EURUSD pair is only bearish while trading below the 1.1330 level, key support is found at the 1.130 1and 1.1225 levels.
If the EURUSD pair moves above the 1.1380 level, buyers are likely to test towards the 1.1431 and 1.1500 resistance levels.
The EURUSD pair is only bearish while trading below the 1.1330 level, key support is found at the 1.130 1and 1.1225 levels.
If the EURUSD pair moves above the 1.1380 level, buyers are likely to test towards the 1.1431 and 1.1500 resistance levels.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.