EURUSD Struggles To Breakout Above 1.1000 Handle

eurusd

The euro currency is on the front foot as prices once again rose to test the 1.1000 level.

A brief breakout above this level led prices to intraday highs of 1.1030 before settling back under 1.1000.

Despite attempts to push higher, price action remains questionable.

Unless there is a strong breakout, the current moves could quickly fade away.

Alternately, if EURUSD manages to establish support near the 1.1000 level, this could give the upside a bit of a push.

The next main level of interest is at 1.1132.

Won't your trader friends like this?
Orbex
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

*