ad
Forex Brokers Award 2021
Vote your favourite broker

Euro Trades Flat After Bullish Momentum Fail

May 14 2020, 02:09 PM (BDT) | Orbex.com

eurusd

The euro currency is trading rather flat after prices posted a modest gain intraday.

After rising to highs of 1.0896, the euro currency gave back the gains.

Price action, however, remains firm to the upside for now, trading above the 1.0818 level of support.

In the near term, EURUSD could most likely retest this level.

However, the trend line and the horizontal support will most likely keep a lid on further declines in price.

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