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EURUSD Struggling To Get A Handle Over The 1.1400 Level

Posted On 12 Jun 2020
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eurusd

The euro currency briefly touched the elusive 1.1400 handle earlier on Thursday.

But prices pulled back quickly suggesting that sellers are in control.

Also, given the fact that EURUSD is on a strong bullish streak, a pullback is normal.

For the moment, the price level near 1.1347 will be key. A close below this level might suggest further declines.

The next minor support is at 1.1261. Only a strong breakdown below this level can accelerate the declines down to 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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