the eur / usd pair remains supported on the forex.
indeed, the rebound in the area of 1.1555 continues today with the break above the 1.1680.
the rise was a break in the resistance of which is, inter alia, the 1.1680, 23.6% of the increase in effective traceback in 2017.
however, a new wave of increasing resulted in the breakage of the resistance, paving the way towards the threshold of 1.1720.
a new high has been reported to 1.1710, while eur / usd is still above the 1.1700 at this stage.
the bias is more higher, and the level of 1.1720 could be tested as long as we are on the 1.1680.
a continuation of the movement over the 1.1720 might require a catalyst, but in the case of crossing, we could find the 1.1750, 1.1775, before reaching the 1.1800.
the decrease in 1.1680 would return the current upward pressure, but it will fall under the 1.1660 to a downward bias in the intraday.
finally, as regards the economic calendar, the day will be busy, after several meetings, rather calm. the traders will, in effect, a following intervention at 11:00 a.m. and, at the same time, the german zew index of business climate, and at the same time that intervention of draghi and the publication of the gdp of the euro zone. »liminaire t3. later in the afternoon 2:30, operators monitor the production price).
at present, the eur / usd pair 1.1705 orbits on the forex.
the eur / usd graph h1
see also our.
this graph has been produced with the trading platform provided by tradingstation 2.
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