What's Next in EUR/USD?
For now, the single currency is getting stronger and we may see some bullish price action in EUR/USD once it breaks out of 1.1110 resistance area. Next target on the upper side can be 1.1135.
Speaking about the leading indicators, the RSI and Stochastics are suggesting nothing but a neutral bias. While the 50 and 100 periods EMA are keeping the EUR/USD bearish.
In case of a bearish breakout, we may see Euro falling towards 1.1025 and that's the level where we can see some bullish retracement later.
Well, for now, enjoy choppy sessions by selling at top 1.1110 and buying at low 1.1025.
For now, the single currency is getting stronger and we may see some bullish price action in EUR/USD once it breaks out of 1.1110 resistance area. Next target on the upper side can be 1.1135.
Speaking about the leading indicators, the RSI and Stochastics are suggesting nothing but a neutral bias. While the 50 and 100 periods EMA are keeping the EUR/USD bearish.
In case of a bearish breakout, we may see Euro falling towards 1.1025 and that's the level where we can see some bullish retracement later.
Well, for now, enjoy choppy sessions by selling at top 1.1110 and buying at low 1.1025.