EURUSD

EURUSD

The EURUSD pair has been rising for three days and hit the key resistance level of 1.1111.  If the price goes beyond 1.1111 and remains above that level on fourly-hour basis, we think the bullish action may continue. At this point, the next resistance level will be at 1.1160. Otherwise, we will follow again support levels at 1.0920 and 1.0885.

 

Support: 1.1050-1.0980-1.0920

 

Resistance: 1.1111-1.1160-1.1220

17 May 17 (Wed)

09:17 am



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