EURUSD is facing 1.2791 resistance, a break of this level will signal resumption of the uptrend from 1.2500, then next target would be at 1.2850 area.
On the other side, as long as 1.2791 resistance holds, lengthier sideways movement in the range between 1.2500 and 1.2791 could be expected.
Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account.
The ETF looks to track the price of the euro (EURUSD), minus ETF fee.
The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.
Content curiosity of FOREXCycle
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