EURUSD Rises To A Three-Month High

The euro currency is posting a strong recovery with price action rising to a three-month high.

This comes as prices break past the key level of 1.1132. Further gains could see this price level turning to support.

Therefore, a pullback to this level will further validate the upside view.

Above this level, the next main price level is seen at 1.1400 handle which will be reached if the support holds.

If prices break down below 1.1132, then expect to see a drop to the 1.1000 level which is still pending a retest.

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