EUR/USD had a moderate bearish
momentum yesterday and marked intraday low at $1.1244. The outlook remains in
downward direction for testing $1.1200 - $1.1180 area. Intraday resistance is
seen at 1.1310. A clear break above it could lead the price to neutral trading
zone, but will keep the bullish scenario after breaking above the trend line and
testing the key resistance at $1.1400. On the downside, a clear break below $1.1180
would open the door to $1.1080 - $1.1050
area. Overall the technical outlook for EUR/USD remains neutral.
No comments:
Post a Comment