Could EUR/USD fall towards 1.0470?

AAATrade Team AAATrade

EUR/USD

Looking at EURUSD Chart, we can see that it is trying to revert its downward trend, currently traded at the rate of 1.0526, up from the lowest level below 1.04. Today we could expect it to test its resistance level at around 1.0570, and if not able to pass it, then to fall towards its support level at around 1.0470.

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AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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