Technical Analysis and Outlook
The Euro Dollar, coming off the celebration of its 20th birthday, shows the winning side of the Monday trading session, by ramming through Mean Res 1.1380 with ease. Presently the currency pair is in the no-mans-land territory.
On the upside, we see Mean Res 1.1470 as an intermediate stop, while Key Res 1.1540 might be a possible outcome. On the downside, we have established Key Sup 1.1294 as well as completed Inner Currency Dip 1.1238 including Key Sup 1.1218 to be revisited in the near-term. (For more Market Commentary, please visit the TradingSig_dot_com).
The Euro Dollar, coming off the celebration of its 20th birthday, shows the winning side of the Monday trading session, by ramming through Mean Res 1.1380 with ease. Presently the currency pair is in the no-mans-land territory.
On the upside, we see Mean Res 1.1470 as an intermediate stop, while Key Res 1.1540 might be a possible outcome. On the downside, we have established Key Sup 1.1294 as well as completed Inner Currency Dip 1.1238 including Key Sup 1.1218 to be revisited in the near-term. (For more Market Commentary, please visit the TradingSig_dot_com).