EURUSD is now in uptrend from 1.0517, the fall from 1.1059 is likely correction of the uptrend.
Further rally could be expected after correction, and next target would be at 1.2000 area.
Support levels are at 1.0740 and 1.0517, only break below these levels could trigger another fall towards 1.0000.
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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