The EUR /USD pair fell as low as 1.1150 during the early US session , as demand for greenback increased as markets saw less chance of a victory by Republican nominee Donald Trump in his U.S. presidential bid. The ongoing…
The EUR /USD pair fell as low as 1.1150 during the early US session , as demand for greenback increased as markets saw less chance of a victory by Republican nominee Donald Trump in his U.S. presidential bid.
The ongoing weakness is set to continue for this pair as the resistance level at 1.1227 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
To the upside, the immediate resistance can be seen at 1.1188, a break above this level would expose the pair to next resistance level at 1.1200.
To the downside, immediate support can be seen at 1.1149, a break below at this level will open the door towards next level at 1.1122.
