FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
18,981,315Confirmed
711,299Deaths
12,172,655Recovered
Fetching Location Data…
Advertisement
Advertisement
Nenad Kerkez
EUR/USD

The EUR/USD is fully rangebound. We can see that the price is going sideways in the form of rectangle which indicates no real trend.

Although the EUR/USD might seem slightly bullish there are 2 major zones to pay attention to. 1.1370-1.1260. No breakout yet as the pair is sold from the top and bought at the bottom. If we see a breakout above 1.1370, next target is 1.1432 and below 1.1260 next target is 1.1162. At this point it’s getting close to resistance and it might drop. Median point is 1.1298 so intraday traders might look into the level for some quick scalps.

The Analysis has been done with the CAMMACD.Core and Sit Systems

For a look at all of today’s economic events, check out our economic calendar.

 

 

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk