EUR/USD Analysis: Break above 1.1500 should change the picture [Video]
|The Euro has broken out from a period of extended consolidation off the 2018 low, setting the stage for a bullish structural shift. Look for the market to hold above 1.1500 over the coming sessions for confirmation, and if given, there is room for an acceleration towards next critical resistance in the 1.1815 area, which guards against a retest of the +3 year high from 2018 around 1.2550. Setbacks should now be well supported, with only a close back below 1.1300 to delay the constructive outlook.
In this analysis, we take a look at EURUSD each day, highlighting all of the need to knows for anyone looking to extract up to date information on the major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding Euro or US Dollars, looking for an idea of where they may want to consider making that next conversion.
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