The Dollar is weakening since that night in the face of most of the other currencies on the Forex, resulting in EURUSD in a bounce that has so far given rise to a summit on the 1,1780.
The Euro Dollar has therefore managed to overcome the resistance of the 1,1750, corresponding also to the MM200, a threshold that had blocked the rebounds throughout the day yesterday.
Few items in the news come to justify the renewed weakness of the Dollar, and it nefaudra not rely on the news to guide the pair today, with a calendar éconoimique just as empty as yesterday.
From a graphical point of view, the rise of the last night has given place to an exit from the top of a bevel downtrend visible since the end of the month of September, but the bullish signal has yet to be confirmed by a break above the psychological threshold so that we can start to consider more serenely purchases.
Above 1.18, the next resistances are located at 1,1830 and 1,1850. The downside, the first support credible lies about 1,1750, before the psychological threshold of 1.17 in, and then the last hollow to 1,1670.
Currently, the EUR/USD pair hovers around 1,1770 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.