FxWirePro: EUR/USD gains some upside momentum,1.1148 a key barrier
The Euro inched higher against dollar in early US session after demand for low yielding currencies like euro increased as the risk sentiment increased in the market. The currency pair is trading at 1.1104 levels, it is e…
The Euro inched higher against dollar in early US session after demand for low yielding currencies like euro increased as the risk sentiment increased in the market.
The currency pair is trading at 1.1104 levels, it is expected to reach 1.1150 levels and 1.1200 levels in the short term.
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To the downside immediate support can be seen at 1.1100, a break below this level will open the door towards next level at 1.1057.
To the upside, the strong resistance can be seen at 1.1148, a break above this level would take the pair towards next resistance level at 1.1171.
