EURUSD Trades Flat, But Steady Above 1.1800

eurusd

The euro currency is trading rather muted on Monday. Price action did not make many gains as the US markets are closed on account of Columbus Day bank holiday.

On an intraday basis, the euro briefly tested the 1.1800 level. The euro was pushed back higher after prices were rejected below this level.

Looking at the Stochastics oscillator, we could see another bout of strength in the common currency.

Therefore, it is quite possible for the 1.1900 level to become the next key resistance level to be tested.

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“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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