EUR/USD: Euro slipped below 1.14050 and now and attempts to regain control at 1.13600

EUR/USD: Euro slipped below 1.14050 and now and attempts to regain control at 1.13600

 

What is going on now with EUR/USD?

EUR/USD: The Euro fell below 1.14280 and bounced at 1.14050 during the Asian session, but failed at its 500 EMA and fell to 1.14050 during the European session. The pair slipped below 1.14050 in this mornings session and fell to 1.13600 support.

Our forecast

EUR/USD: The Euro has fallen further into negative territory following its pullback in this mornings session. The Euro currently trades at 1.13604 and needs to break and maintain above 1.13710 to head back up. The pair could continue further down to 1.13420 and 1.13165 if it fails to maintain above 1.13600

Support/short target -1.13600, 1.13420, and 1.13165

Resistance/Long Target -1.13710, 1.13820, 1.13945, and 1.14050

The trade signals are posted on to our Telegram channel on a regular basis as per the link below.
https://t.me/leoprimefx

 

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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