FxWirePro: EUR/USD neutral in the near-term, scope for further upside
EUR/USD paused its uptrend in the early US Session, as investors seem guarded from making big bets ahead of ECB Press conference. ECB is expected to leave monetary policy unchanged when it meets on Thursday. Currently th…
EUR/USD paused its uptrend in the early US Session, as investors seem guarded from making big bets ahead of ECB Press conference. ECB is expected to leave monetary policy unchanged when it meets on Thursday.
Currently the currency pair is trading at 1.1248 levels, it is set to advance further towards 1.1280 later towards 1.1300 levels in the short term.
To the upside, the immediate resistance can be seen at 1.1265, a break above this level would expose to cable to next resistance level at 1.1289.
To the downside, immediate support can be seen at 1.1241, a break below will open the door towards next level at 1.1203.
