FxWirePro: EUR/USD bullish after breaking above 1.1400 levels
EUR/USD pair rose towards 1.1290 levels on Wednesday, as dollar declined across the board as investors consolidated gains and booked profits on a day with no major economic data release from US market. Further downside i…
EUR/USD pair rose towards 1.1290 levels on Wednesday, as dollar declined across the board as investors consolidated gains and booked profits on a day with no major economic data release from US market.
Further downside in this pair should be limited as the support level at 1.1358 is set to limit downside bring a rebound towards higher levels.
To the upside, the strong resistance can be seen at 1.1431, a break above will take the pair towards next resistance level at 1.1475.
To the downside immediate support can be seen 1.1388 levels, a break below will open gates towards 1.1358 levels.
