EURUSD remains in uptrend from 1.0517, the fall from 1.1376 could be treated as correction of the uptrend.
Further rise is possible over the next several weeks, and next target would be at 1.2000 area.
Support is at 1.0700, only break below this level will indicate that the uptrend had completed at 1.1376 already, then the following downward movement could bring price to 1.0000 zone.
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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