EUR/USD follows the technical 'rules'

Posted on by 2 comments

eur-usd 24.11.

As I predict the possible movement on my EUR/USD analysis from November 21., the pair touched last night the support line at 1.2350/60, previous two years low and rebounded today to the 1.2430 level. At 1.2450/60 we have minor resistance, but it could be hard to brake, because of the trendline and resistance level. Stronger resistance wait at 1.2485/1.2500. On the way down, the pair have minor support at 1.2400, stronger at 1.2350/60 again, but is seams like the pair will not retest that level today, not for now.

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