EURUSD Analysis: Why Setbacks Could Be Shallow

LMAX Group Research Desk LMAX Group

The Euro run has stalled out for now, with risk for a double top and deeper correction ahead. Last Friday's topside failure has set the stage for this pullback, though with the market yet to test that critical longer-term trend-line resistance off the record high from 2008, setbacks should be very well supported into dips.

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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