The EUR has been the best performing currency this week compared to the Dollar & the Pound
In our previous analysis we did mention a possible reversal on the pair after a bullish harmonic had formed on the daily chart.
The pair is currently @ 38.2% FIB Retracement level & @ an area of resistance.
We expect the pair to try and break above this resistance & trade in the 1.19 level
If the pair fails to break above current resistance it will fall back to support @ 1.17600
Link to our previous analysis below
In our previous analysis we did mention a possible reversal on the pair after a bullish harmonic had formed on the daily chart.
The pair is currently @ 38.2% FIB Retracement level & @ an area of resistance.
We expect the pair to try and break above this resistance & trade in the 1.19 level
If the pair fails to break above current resistance it will fall back to support @ 1.17600
Link to our previous analysis below
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.