EURUSD remains in downtrend from 1.1713, the bounce from 1.1087 is likely correction of the downtrend.
Another fall could be expected after correction, and next target would be at 1.0600 area.
Key resistance is at 1.1713, only break above this level could trigger anther rise towards 1.2500.
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
You must be logged in to post a comment.