KeytoMarkets

EURUSD: Daily strategy

Lång
FX:EURUSD   Euro / USA-dollar
For a week, the price action has been locked in the range finds between 1.1755-1.1600. The current tight range has structural support finds between 1.1620-1.1590 with resistance seems to be at 1.1665 and 1.1700 above these 1.1755 exists. A move below 1.1575 is the first sign of further weakness into the earlier support zone finds between 1.1520-1.1500 levels, below these 1.1450 exists. Before the Germany CPI data release, the price is likely to face stiff resistance at 1.1665.

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