The pair EUR/USD has again blocked its rebound towards the resistance of 1.1825 and began a correction.
In fact, the first rally on the break of the old trend line has marked a high to 1.1827, before turning around.
The Euro Dollar has found support in the zone of 1.1750/40, bouncing on the trend line of support.
However, the new bullish attempt was dampened yesterday after a high at 1.1822.
EUR/USD crashes so always be around the resistance of 1.1825, and is now entering a new correction, which may continue in intraday.
Then as we broke below 1.1800, the next support comes at 1.1775, enhanced by the moving average 100 hours.
A break below could trigger a fall towards 1.1750, and then to the trend line in the area of the support of 1.1720.
A break here could encourage a return to the support of 1.1680.
The increase, he will have to break above the 1.1825 to boost the rise towards 1.1850. Above, the rise could be revived in the direction of the most high at 1.1890 and 1.1909.
While the bias remains tilted to the upside at this stage, it will be necessary to get out of the range 1.1680/1.1750 to find a direction of the short-term, more sustained.
The economic calendar today holds few major publications, with registrations only weekly jobless claims and US existing home sales.
The waiting game could therefore continue to dominate on Forex waiting for the speech at Jackson Hole tomorrow.
The pair EUR/USD is currently trading at 1.1786 on the Forex.
Chart EUR/USD H1
See also our charts EUR/USD in real time.
This chart has been realized with the trading platform TradingStation 2 provided by FXCM France.