EUR/USD is approaching the resistance area, wait for opportunity
EURUSD is approaching a crucial resistance area in the 1.1430 area which could be a
potential reversal zone. Today's ECB meeting gave the Euro bulls some fresh impetus to take the price higher.
However, it could all go downhill soon if EUR/USD fails to clear the 100 day moving average.
In case some bearish candlesticks starts showing up in the resistance level, it would be a good sell opportunity.
potential reversal zone. Today's ECB meeting gave the Euro bulls some fresh impetus to take the price higher.
However, it could all go downhill soon if EUR/USD fails to clear the 100 day moving average.
In case some bearish candlesticks starts showing up in the resistance level, it would be a good sell opportunity.