EUR/USD trying to breach resistance

Thursday, 25/05/2017 | 12:27 GMT

Disclaimer

EUR/USD is meeting with resistance around 1.1270 but a break above here would pave the way to move out to last summer’s highs around 1.1375 and 1.1440.

USD/CHF remains under pressure and after this period of consolidation, assuming the next leg is lower, then look for support at 0.9640 followed by 0.9540.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/eurusd-trying-to-breach-resistance/?camp=24219

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