EUR/USD: Will Euro hold at 1.10700 or continue south?

Denis Joeli Fatiaki Independent Analyst

The Euro has fallen against the US dollar through multiple support levels since collapsing below 1.11780 on 14th of August 2019. The pair still looks weak and could continue further down to around 1.10240 support.

However, the pair still holds its position above critical support at 1.10740 and within the price channel and could make a turn to the upside if it remains within the price channel as indicated on the price chart.

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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