EURUSD pullback may find resistance around 1.1700/20
EURUSD has rallied in line wit expectations after printing lows around 1.1610/20 over the last week. The currency trades close to 1.1700 handle for now and is expected to face resistance around 1.1700/20 mark going forward. A push through 1.1720 would open doors for a test of 1.1780 levels before bears take control again. Either way, EURUSD is producing a counter trend rally, which is expected to terminate around soon. Good to sell on rallies as 1.2010 should hold going further.
Remain short, stop @ 1.2010, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short, stop @ 1.2010, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
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