EURUSD Rises On A Weaker Greenback

The euro is trading higher on Monday, largely thanks to the weaker US dollar.

The EURUSD is reversing losses after touching the 1.1700 support area.

The current pace of gains will see the common currency re-testing the 1.1800 level again.

Depending on whether this price area will act as resistance, price action could push even higher.

For the moment, the EURUSD remains consolidated within the 1.1800 and 1.1700 levels.

Won't your trader friends like this?
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.

Leave a Reply