Black Pipper

Forex Dreamers

EUR/USD: Rallies capped at 1.0950

Despite rebounding from the 1.0879 annual low on Tuesday, the bullish attempts of the EUR/USD are capped by the middle of the 1.0900. A break below 1.0880 is likely to clear the way to the May 2017 low of 1.0839. Overall, the outlook for the short-term resistance, which today stands at 1.1043, remains negative.

Technical levels

S1 1.0895
S2 1.0855
S3 1.0831

R1 1.0958
R2 1.0983
R3 1.1022

 

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