EUR/USD analysis: bullish strength eases, but downward scope still limited
The EUR/USD pair retreated on Friday from a fresh 1-month high of 1.0782, but settled well above the 1.0700 threshold, as broad dollar’s weakness dominated the FX board, following Fed’s monetary policy meeting.
Prev. Close: 1.0738
Day’s Range: 1.0734 – 1.0762
52 wk Range: 1.0339 – 1.1616
1-Year Change: – 4.61%
Support and Resistance:
Daily Camarilla Technical analysis shows that EUR/USD pair may find the immediate support at 1.0757. below which 1.0756 and 1.0755 could be tested. On the other side the immediate resistance 1.0759 and may go for further test 1.0760. A break beyond the last, doors will open for a test of 1.0761.
Buy: 8 Sell: 0 Neutral: 3
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Read More Analysis: https://www.xtreamforex.com/Education/daily-technical-analysis-3202017/