EUR/USD: Euro attempts to push through 1.13080 resistance following a triple bottom price pattern in last weeks session
|EUR/USD: Euro attempts to push through 1.13080 resistance following a triple bottom price pattern in last weeks session
What's going on with the EUR vs USD?
EUR/USD: The Euro attempts to push through 1.13080 resistance following a triple bottom price pattern in last weeks session. The pair could continue to 1.13265 and 1.13495 if it is successful at 1.13080
My thoughts on what may happen
EUR/USD: The Euro is still struggling to recover since heading south at the beginning of Feb; however, a breakthrough 1.13080 could provide some guide to its recovery and break the downward price pattern. The pair could pull back to 1.12825 if it fails to continue at 1.13080
Support: 1.12825, 1.12505, and 1.12345
Resistance:1.13080, 1.13265, 1.13495, and 1.13668
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Chart 1: The short-term view of the EUR/USD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points.
Chart 2: The short-term view of the EUR/USD price action in the four hours price chart highlights the direction of the trend and the support and resistance price points
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