Euro Rises Over 1% On The Day

eurusd

The euro currency is up over 1.3% on the day.

Gains come for the fifth consecutive day as the US dollar is easing.

After clearing the resistance level of 1.0900, price action is likely to continue towards the 1.1055 region.

We could expect to see the gains stalling near the 1.1055 level. A reversal at this level will see a possible decline back to 1.0900 level where support will likely form.

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“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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