EUR Trading News versus USD
1/23/2018 6:34:15 PM
During forex market activities a positive headline reading may offer fresh motivation to the EUR bulls, sending the EURUSD back above 1.2281 levels. Though, if the readings disappoint, the rate could fell back towards the 1.2203 handle.
A substantial move beyond the 1.2305 handle would mark a new bullish break and with short-term indicators still holding in strong territory, the pair appears all set to test 1.2357-63 supply zone before finally darting towards the 1.2411 handle.
On the other hand, the 1.2217-23 area might keep on to protect the immediate weakness, which if broken might pull the pair back towards the lower end of its one-week old trading range support, near the 1.2173-60 zone.
FOREX market analysis by FxErvin.