EURUSD Firmly Testing Support At 1.0885

Tuesday, 26/05/2020 | 08:12 GMT-0

Disclaimer

The EURUSD currency pair briefly managed to rise off the support area near 1.0885 – 1.0879 level.

However, this bounce saw prices falling back once again, giving up modest gains.

For the moment, the consolidation appears to continue. Therefore, the support area near 1.0885 – 1.0879 will be critical in order for the currency pair to post any gains.

Given the bias, there is a possibility that the EURUSD will break down below this support area.

This will potentially see prices pulling back even further, erasing the gains made over the last few weeks.

Orbex Review

Source: https://www.orbex.com/blog/en/2020/05/eurusd-firmly-testing-support-at-1-0885

Disclaimer

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