EUR/USD, support near to 12 years low!

mario urlic eur-usd 18.11.

The euro has find buyers at 1.0630, near the low level in the last 12 years, 1.0460/500. For now, the pair rebounded to 1.0670, but there is a hard road on the way up. First strong resistance is here at 1.0670/80, the previous strong support for days, next one is just above at 1.0700/20. That level could be crucial for the euro, for furder fall, or for possible recovery toward 1.0800. If 1.0700/20 could be broken, that scenario is possible, if not, return to support is obvious based on this. US dollar is still strong, but it’s overbought on my oppinion. Let’s follow these levels.

Important! FOMC minutes, today at 19:00 h (GMT).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s