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 trend & support

The euro currency is holding somewhat steady after the support area near the 1.1750 handle looks to be strong for the moment.

The trend line is, however, holding up as resistance level. The decline to this region suggests strong support is holding up, given the rebound from earlier last week.

However, unless the currency pair manages to breakout higher, we could expect a descending triangle pattern to emerge.

This will increase the bearish odds for EURUSD. Below the 1.1750 handle, the next main support is near the 1.1600 region next.

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

The post EURUSD Consolidating Near Trend Line And Support appeared first on Orbex Forex Trading Blog.

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