The Euro started a fresh decline from well above the 1.1450 zone against the US Dollar. The EUR/USD pair traded below the 1.1400 support zone to move into a bearish zone.
There was also a move below the 1.1350 level the 50 hourly simple moving average. A low was formed near 1.1300 and the pair is now correcting higher. An immediate resistance near the 1.1350 level.
The next major resistance is near the 1.1380 level. A break above the 1.1350 and 1.1380 resistance levels could start a decent increase towards the 1.1420 level in the near term.
On the downside, an initial support is near 1.1312 on FXOpen. The next key support is near 1.1300, below the pair could decline heavily. In the stated case, the pair could move down towards the 1.1250 level in the near term.
Install your trader software at VPS server of one of the super fast providers:
Finance news
 CEO outlook dims sharply, with more than half expecting a recession ahead, survey showsCorporate executives are taking a dim view of their prospects, with a majority now expecting ... Read More  Stock futures are little changed ahead of key inflation readingStock futures were little changed in overnight trading Tuesday ahead of a key inflation reading.Futures ... Read More  From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting businessFactories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site ... Read More |
