FxWirePro: EUR/USD resumes downside after failing to break above 1.1241 levels
EUR /USD pair declined against US dollar Monday, after seller stepped in, following plunge in Eurozone Manufacturing PMI and Services PMI which suggested that Eurozone’s smaller member countries may be struggling. Furthe…
EUR /USD pair declined against US dollar Monday, after seller stepped in, following plunge in Eurozone Manufacturing PMI and Services PMI which suggested that Eurozone’s smaller member countries may be struggling.
Further the gains should be limited as the resistance level at 1.1288 levels should limit upside and bring a decline towards lower levels.
To the upside, the strong resistance can be seen at 1.1288, a break above this level would take the pair towards next resistance level at 1.1351.
To the downside immediate support can be seen at 1.1177 levels, a break below this level will open the door towards next level at 1.1139.
