FxWirePro: EUR/USD rallies towards 1.1180 levels, but reversal is likely
EUR/USD pair advanced during European session up to 1.1180, however, in the early US session, the pair retreated slightly to trade at 1.1169 as demand increased for risker assets. Further upside in this pair should be …
EUR/USD pair advanced during European session up to 1.1180, however, in the early US session, the pair retreated slightly to trade at 1.1169 as demand increased for risker assets.
Further upside in this pair should be limited as the resistance level at 1.1208 levels should limit upside and bring a decline towards lower levels.
To the upside, immediate resistance can be seen at 1.1177, a break above this level would take the pair towards next resistance level at 1.1208.
To the downside immediate support can be seen at 1.1152 levels, a break below this level will open the door towards next level at 1.1127.
