HomeContributorsTechnical AnalysisEURUSD Correction May Be Over

EURUSD Correction May Be Over

The euro currency is starting to gain strength against the US dollar, following a lack of selling interest below the psychological 1.2000 level. Caution is still advised as a large bearish head and shoulders pattern is still looming over the lower time frame. EURUSD bulls need to move the pair above the 1.2150 level to invalidate the bearish head and shoulders pattern.

EURUSD pair is only bearish while trading below the 1.2080 level, key support is found at the 1.1980 and 1.1900 levels.

The EURUSD pair is only bullish while trading above the 1.2080 level, key resistance is found at the 1.2150 and 1.2300 levels

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

Featured Analysis

Learn Forex Trading