This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

eurusd

The common currency has resumed its bullish momentum, but prices are struggling near the trend line.

The consolidation is likely to continue into the FOMC meeting, following which we could see a potential move in either direction.

The Stochastics on the daily chart is showing mild weakness. However, the momentum to the upside could easily resume.

Alternatively, the bearish divergence might suggest that the EURUSD could pull back to establish proper support at one of the lower levels.

The price near 1.1900 is likely to be the downside target. A close below this level could, however, signal further declines.

Test your strategy on how the euro will fare with Orbex - Open your account now. 

The post Can the EURUSD Rise to 1.2000 Next? appeared first on Orbex Forex Trading Blog.


--
To keep reading this article, please navigate to: Orbex Forex Trading Blog.