EUR/USD was trading today below the robust resistance level
at 1.13 and the expected upward movement turned to be tight.
During the early US session the pair was trading around 1.125
level where the US dollar marked daily lows.
Earlier
today the German Ifo surveys frustrated the markets, but nonetheless the Euro
stayed elevated.
Immediate
support downwards is seen at 1.1237 /38% Fibonacci retracement level/ with
staying exposed for breaking 1.1215 /24% Fibonacci etracement level/.
The
macroeconomic agenda for tomorrow will present the US durable goods orders for
March and we may expect further support over the pair.
No comments:
Post a Comment