Will EURUSD Post A Lower High?

Will EURUSD Post A Lower High?


The euro currency is trading modestly following last Friday’s declines.

However, the currency pair remains strong with an upside bias.

At the moment, price action indicates a low forming around the 1.1287 level.

A rebound off this price level should see another attempt to rise higher.

However, if EURUSD fails to breakout above the previous higher close at 1.1350, then we expect a move lower.

A breakdown below 1.1287 will signal a move to the 1.1132 level where technical support will most likely form.

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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