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EURUSD Struggles To Breakout Above 1.1000 Handle

Posted On 28 May 2020
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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.

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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