FxWirePro: EUR/USD changes short term trend from bullish to bearish
EUR/USD pair declined on Thursday after Standard & Poor's lowered its long-term credit rating on the European Union by a notch to 'AA' from 'AA+' after Britain's surprise vote to leave the economic bloc. The pair jumped …
EUR/USD pair declined on Thursday after Standard & Poor's lowered its long-term credit rating on the European Union by a notch to 'AA' from 'AA+' after Britain's surprise vote to leave the economic bloc.
The pair jumped to session high of 1.1124 in the early US session, but selling interest capped further rally on approach towards 1.1120 levels.
To the upside, the strong resistance can be seen at 1.1149, a break above will take the pair towards next resistance level at 1.1189.
To the downside immediate support can be seen at 1.1057 levels, a break below will open gates towards 1.1000 levels.
