FxWirePro: EUR/USD neutral near-term, scope for downward resumption
EUR/USD pair declined in the US session as the dollar strengthened as investors expect Yellen to provide guidance to next the interest rate hike from the Fed. Further upside in this pair should be limited as the resistan…
EUR/USD pair declined in the US session as the dollar strengthened as investors expect Yellen to provide guidance to next the interest rate hike from the Fed.
Further upside in this pair should be limited as the resistance level at 1.1400 level should limit upside and bring a decline towards lower levels.
To the upside, the immediate resistance can be seen at 1.1330, a break above this level would take the pair towards next resistance level at 1.1400.
To the downside strong support can be seen at 1.1261 levels, a break below this level will open the door towards next level at 1.1177.
