Yesterday, the EURUSD pair managed to consolidate above the 1.04000 level and formed the current bottom there. During the Asian trading session and climbed to the 1.05000 level. For now, Pair encounters resistance at that level and makes a new pullback to the 1.04750 level. To continue and recover, we need positive consolidation above the 1,500,000 level. If we managed to stay above, we could move on to the recovery towards the 1.06000 level. We need a negative consolidation and a drop to the 1.04000 support zone for the bearish option. If EURUSD makes breaks below this level, it will increase the bearish pressure on the euro to stumble. Potential lower support targets are 1.03500 and 1.03000 levels
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.