Currency analyst

EUR/USD: euro met an inside bar

On the daily EUR/USD chart the bulls managed to make the pair hold above support at 1.1269 and counterattacked. The pair formed an inside bar, which points at uncertainty. The break of yesterday's low at 1.124 will make the pair decline to 1.1175. Resistance is near 1.1345.

On H1 convergence area of 1.1233-1.1244 became a big obstacle for the bears. If the bulls manage to bring the pair above 1.1290, the pair will fight to overcome the lower border of the bullish channel. On the contrary, another test of support will increase the risks of decline to 1.1169.


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