The euro currency continues to rally against the US dollar ahead of this evening's key interest rate decision from the US Federal Reserve. Technical analysis shows that gains above the 1.1380 resistance area could cause a strong upside rally towards the
1.1520 level. To the downside, a loss of the 1.1300 support level could cause traders to test back towards the 1.1240 level.
The EURUSD pair is only bearish while trading below the 1.1240 level, key support is found at the 1.1200 and 1.1150 levels.
The EURUSD pair is only bullish while trading above the 1.1240 level, key resistance is found at the 1.1380 and 1.1520 levels.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
1.1520 level. To the downside, a loss of the 1.1300 support level could cause traders to test back towards the 1.1240 level.
The EURUSD pair is only bearish while trading below the 1.1240 level, key support is found at the 1.1200 and 1.1150 levels.
The EURUSD pair is only bullish while trading above the 1.1240 level, key resistance is found at the 1.1380 and 1.1520 levels.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Trade closed: target reached