EUR/USD: Euro attempts to push through 1.13080 resistance following a triple bottom price pattern in last weeks session

Denis Joeli Fatiaki Independent Analyst

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

We explain market movements and its potential next move to help and guide you to possibly make the right decision on when to enter, apply stop losses to protect your capital, take profit and exit your position.

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

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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