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EUR/USD : The Euro Dollar remains supported on the Forex but still can not confirm above 1.20 — Forex Stock Trade




EUR/USD : The Euro Dollar remains supported on the Forex but still can not confirm above 1.20




The pair EUR/USD still tries to climb above the resistance of 1.20 but with no success for the moment.

In fact, after having found support on the 1.1920 yesterday, EUR/USD is to rise again during the night, to return on the resistance zone of 1.1980/1.2000.

Despite a peak at 1.2005, the resistance zone still holds for the moment, and a break sharper still needed to return to the path of the short-term increase.

Above, the next targets upward come to 1.2030, 1.2050, 1.2070, before the recent summits at 1.2091 and the level of 1.2100.

The downside, first supports come to 1.1950 and 1.1920/00.

A break below could reignite the downward pressure, with a significant support zone which follows at 1.1850/25, we will then break to revive the downside correction for the short term.

The range of the 1.1825/1.2000 continues to monitor for a possible directional movement of the short-term, but pay also attention to the FOMC meeting tomorrow that could lead to a new trend.

Pending this, we will be keeping an eye on the economic calendar today, the data of the construction and the price to import and export in the United States.

These two publications should not be much impact on the Forex, but disappointments could help EUR/USD to break its resistance immediately with a potential acceleration upward in the key.

The pair EUR/USD is currently trading at 1.1989 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.



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