HomeContributorsTechnical AnalysisEURUSD Technical Indicators Turning Lower

EURUSD Technical Indicators Turning Lower

The euro currency has remained under pressure against the US dollar during the European trading session, with the EURUSD pair struggling below the 1.1431 resistance level. The MACD and Momentum indicators on the four-hour time frame are now starting to turning lower. The next directional move in the EURUSD pair will likely come after the release of the FOMC interest rate decision.

The EURUSD pair remains intraday bearish while trading below the 1.1431 level, key support is found at the 1.1387 and 1.1352 levels.

If the EURUSD pair moves above the 1.1431 level, key resistance is found at the 1.1500 and 1.1552 resistance 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