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 euro is up over 0.75% on the day on Monday. The gains came steadily during the course of the day.

The currency pair is attempting to rise to a three day high, but a lot will depend on how prices close towards the end.

For the moment, the EURUSD will be struggling near the resistance level of 1.1256. A breakout above this level could potentially send the common currency higher.

However, if the EURUSD fails near this technical resistance, we expect the recent declines to resume.

Of course, a lot will depend on whether price can break past the previous lows at 1.1170 in order for a move to the lower support area at 1.1132.

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

The post Euro rebounds, but can it break the technical resistance? appeared first on Orbex Forex Trading Blog.


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