Euro Maintains A Steady Hand

eurusd

The euro is rising gradually with the gains coming at a modest pace.

After breaking out to the upside above 1.0787, price action is holding above this level.

As long as the support holds, we expect the next move to be toward 1.0900, eventually followed by 1.1055.

However, if the support fails, then we anticipate a decline back within the range of 1.0787 and 1.0663.

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About the Author
“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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