FxWirePro: EUR/USD rallies towards 1.1463 levels, but reversal is likely
EUR/USD pair advancing during European session up to 1.1463, however in the early US session sellers stepped in as appetite for risk and higher yielding assets improved with the rise in oil prices. Further upside in this…
EUR/USD pair advancing during European session up to 1.1463, however in the early US session sellers stepped in as appetite for risk and higher yielding assets improved with the rise in oil prices.
Further upside in this pair should be limited as the resistance level at 1.1445 levels should limit upside and bring a decline towards lower levels.
To the upside, the strong resistance can be seen at 1.1445, a break above this level would take the pair towards next resistance level at 1.1463.
To the downside immediate support can be seen at 1.1373 levels, a break below this level will open the door towards next level at 1.1354.
