Eur/usd - next direction

in forex •  7 years ago 

Resistance at 1.2461. Short position below 1.24611 with target 1.2300.

  • Unexpectedly, president Trump wanted a " strong Dollar " triggered a sharp reversal and large wicks.
  • The ECB warns for recent volatility in the exchange rate and Governing Council Official may increase their effort to talk down euro.
  • Supports and resistances

R1: 1.2461
R2: 1.2500
R3: 1.2530

S1: 1.2365
S2: 1.2325
S3: 1.2300

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