STO Technical - EUR/USD poised for break higher?

Tuesday, 07/03/2017 | 09:16 GMT

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EUR/USD poised for break higher?

07 / 03 / 2017 | Technical Analysis

If EUR/USD can take out the 23.6% retracement level that provided resistance during yesterday’s session, this opens the way for a return to the year to date highs around 1.0830. Any break below recent lows of 1.05 opens door to further selling.

The greenback continues to gain ground over the Swiss Franc but look for resistance at 1.015, the 61.8% reversion of January’s sell off.

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-poised-for-break-higher

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