ad
Forex Brokers Award 2021
Vote your favourite broker

Euro Slips From Support, Price Action Remains Firm

Apr 16 2020, 06:25 PM (BDT) | Orbex.com

eurusd

EURUSD is down over 0.60% on the day.

This came as price strongly broke past the price level of 1.1055.

However, the euro quickly reversed the declines. Price action is back near the 1.1055 level for the moment.

A breakout above this level is needed to confirm the upside momentum.

Alternatively, if there is more selling pressure, then we expect prices to move lower.

The previous support area near 1.0787 will be the downside target.

Orbex.com

At Orbex, the client is at the heart of everything we do and everything we do is designed to guarantee your satisfaction. Here’s how Forex Trading with Orbex will enhance your trading experience: Best-in-class customer service, including live chat and free webcall One-hour response time for sales and support requests Multiple asset trading and ECN accounts on MT4 0.9 pip fixed spread at ZERO commission Up to 1:500 leverage
ad