EURUSD Sticks to reclaim above the handle
1/18/2018 3:43:54 PM
The EURUSD pair improved its firm up-move over the early European session and has now bounced over fresh session tops, around the 1.2213 area.
A modest USD retracement helped the pair to rebound 1.2158 support, weekly lows, and recover part of preceding session's sharp retracement slide from 2-year tops.
Any following up-move is probable to provoke persistence near the 1.2228 area, above which the pair is probable to head back towards 1.2252-67 supply zone before darting back towards the 1.2303 handle.
On the disadvantage, decline back below the 1.2205 handle might keep on to find some support near the 1.2163 area, which if broken might turn the pair at risk to slip back towards the 1.2105 round figure mark.
FOREX market analysis by FxErvin.