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EURUSD Retraces After Breaking Resistance

Apr 14 2020, 07:59 PM (BDT) | Orbex.com

eurusd technical analysis

The euro continues to retrace the gains after breaking past the resistance level of 1.1000 level.

As long as this level holds, price action is likely to remain steady.

A reversal off 1.1000 level could, however, establish the upside bias.

The upper resistance level near 1.1055 – 1.1030 will likely be the next target of interest.

A breakout above this level could signal a move to the 1.1200 resistance level.

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