Euro / US-DollarLong
EUR/USD tests 1.12
EUR/USD has been trending higher since mid-April. More recently, the pair recovered from 1.10, the September low, and is testing resistance at 1.12 resistance, the August high, and the 2024 high.
Buyers, supported by the rising RSI, will look to rise above 1.12 to head towards 1.1275, the 2023 high.
On the downside, support can be seen at 1.1140, the December 2023 high; below here, 1.11 comes into play. I t takes a break below 1.10 to create a lower low.
Buyers, supported by the rising RSI, will look to rise above 1.12 to head towards 1.1275, the 2023 high.
On the downside, support can be seen at 1.1140, the December 2023 high; below here, 1.11 comes into play. I t takes a break below 1.10 to create a lower low.
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