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 common currency is trading weaker on Monday, largely due to a slightly higher greenback.

Price action continues to ease lower with intraday lows trading just a few pips off the 1.1800 handle.

Continued declines could see the 1.1800 level of support being tested once again.

However, the lower high following the recent rebound off 1.1800 signals caution.

A breakdown below 1.1800 could see price action pushing lower and potentially shifting the short term trend.

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

The post EURUSD Dips Closer Back to 1.1800 appeared first on Orbex Forex Trading Blog.


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