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The Euro Attacks The Resistance

Positive trading dominated the Euro’s movements against the US dollar yesterday, after the European Central Bank President’s statements, reaching its highest level at 1.1692. On the technical side, the intraday trading stability is above the previously breached resistance 1.1640, represented by the 23.60% Fibonacci correction that supports the rise and …

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The Euro Below Resistance

Quiet trading dominated the euro’s movements against the US dollar within the expected bearish context, and the technical outlook did not change much. Technically, and by looking at the 4-hour chart, we notice the trading stability below the 1.1640 resistance level represented by the 23.60% Fibonacci correction as shown on …

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