Resistance Area in EUR/USD

Technical Reports

The pair is holding inside of consolidation from 1.1509. Trading is still neutral. Another lift is anticipated. The resistance area of 1.1822/1995 should restrict upside and lead to a drop restoration. Following pivot points include: (S1) 1.1648; (P) 1.1686 (R1) 1.1732.

Under 1.1509, EUR/USD will align 50% retracement of 1.0339 to 1.2555 at 1.1447. Breach will head towards 61.8% retracement at 1.1186.

There has been a rejection from 38.2% retracement of 1.6039 to 1.0339 at 1.2516. The fall is expected to extend. Breach of 38.2% retracement of 1.0339 to 1.2555 at 1.1708 will align 61.8% retracement at 1.1186. While 1.1995 resistance is present, the drop from 1.2555 will be considered to be progressing.