EUR/USD Euro is sliding towards 1.11220

Denis Joeli Fatiaki Independent Analyst

EUR/USD Euro is sliding towards 1.11220

The Euro's rally against the U.S.dollar could be coming to an end after a great run from 1.10540 to 1.11645. The pair failed to continue at 1.11645 and is now heading towards a critical support price point at 1.11220 from the time of writing. This might determine Euro's next move. Euro needs to hold above 1.11220 to continue the current trend. A breakdown below 1.11220 could reverse the trend and push prices down to 1.10955 and 1.10540

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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