EURUSD: Slight correction
Updated
The EUR/USD pair edged higher today and appears to have stalled the previous day's downside correction from the 1.0965 area. The price trades around the 1.0915-1.0920 area and remains dependent on the price dynamics of the US Dollar.
On the 4-hour chart, the pair remains bullish but shows that the correction is still likely to extend further. Strong immediate support is seen around 1.0885, followed by 1.0830, an area that could attract buyers.
On the 4-hour chart, the pair remains bullish but shows that the correction is still likely to extend further. Strong immediate support is seen around 1.0885, followed by 1.0830, an area that could attract buyers.
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Trade closed: target reached
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