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.
- -


The euro currency opened on a bullish note, from the optimism on the ongoing EU talks on fiscal stimulus. This helped the currency pair to rise to a fresh four-year high of 1.1467.

However, following this brief surge, prices pulled back sharply. The currency pair might remain somewhat volatile until full details emerge from the meeting.

For now, the euro remains supported by the 1.1400 level. But a close below this level could accelerate the declines down to 1.1347.

The second rising trend line is also likely to act as dynamic support, keeping prices supported for the moment.

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

The post Euro Rises To A Fresh Four Month High Before Retreating appeared first on Orbex Forex Trading Blog.

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