Trading news

Euro Struggles To Breakout Above Resistance

The euro made attempts to rise above the resistance level of 1.1261 level on Monday. However, price action was trading weaker as the euro failed to breakout above the technical resistance.

For the moment, the euro is trending lower in the medium term.

We expect the declines to see a test of the lower support area near 1.1132.

That said, there is a possibility that the euro might find minor support near the lows of 1.1171.

In the medium term, EURUSD will most likely move into a sideways range.

Orbex Review

Tuesday, 30 Jun, 2020 / 2:04

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.orbex.com/blog/en/2020/06/euro-struggles-to-breakout-above-resistance

Trading news

 

Is it time to sell or buy gold?

Gold dropped significantly yesterday, while analysts predicted $1 800. Were [...]

Posted on Thursday, 02 Jul, 2020 / 1:33 under

WTI Crude Oil Trades Ascending Triangle - Wait for a Breakout! 

The WTI crude oil prices failed to extend its previous session bullish moves [...]

Posted on Thursday, 02 Jul, 2020 / 12:49 under

USD/CHF: The sellers to wait for a bearish reversal at a key level

USD/CHF has been bearish in the daily chart for the last three days. [...]

Posted on Thursday, 02 Jul, 2020 / 12:48 under