EUR/USD Analysis: Break of 1.1420 encourages bullish outlook [Video]

LMAX Group Research Desk LMAX Group

EURUSD

The Euro has done a good job holding up into a recent dip, despite the decline resulting in a break to fresh multi-month lows below 1.1200. Inability to establish below 1.1200 continues to reflect a strong level of support around the barrier ahead of what could be a higher low trying to carve out off the multi-year low from 2017. This would open the next major upside extension back towards and through the 2018 high in the 1.2550 area. Still, a break back above the 2019 high at 1.1570, would be required to strengthen this 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.

The EURUSD update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.

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LMAX Group Research Desk

LMAX Group

LMAX Group is a dynamic, visionary and award-winning financial technology company.

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