Currency analyst

EUR/USD: noone wanted to yield

On the daily EUR/USD chart there's desperate struggle between large buyers and sellers. The pair recoiled from the lower border of the shorts accumulation area of 1.1250-1.1350 and returned to longs accumulation area of 1.1130-1.12. The decline will resume only below 1.113.  

On H1 EUR/USD, as expected, reached the targets of the widening wedge. Hold shorts from 1.1231. Replace Stop Loss to the breakeven area. The break of support at 1.1130 will allow traders to increase positions. The nearest resistance is at 1.125.


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