EUR/USD reverses offvital resistance vary into yearly open at 1.12Danger for additional losses with near-term technical assist in
- EUR/USD reverses offvital resistance vary into yearly open at 1.12
- Danger for additional losses with near-term technical assist in view
- Be a part of Michael for Stay Weekly Technique Webinars on Mondays at 12:30GMT
Euro has been on the defensive in opposition to the US Dollar because the begin of the yr with EUR/USD down almost 0.5% this week after turning from a key resistance vary. Whereas additional losses space probably, we’re in search of extra important weekly assist simply decrease. These are the up to date targets and invalidation ranges that matter on the EUR/USD weekly value chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Euro commerce setup and extra.
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Euro Value Chart – EUR/USD Weekly
Chart Ready by Michael Boutros, Technical Strategist; EUR/USD on Tradingview
Notes: In my final Euro Weekly Price Outlook we famous that EUR/USD was approaching a vital barrier at 1.1187-1.1209 – a area outlined by the 61.8% retracement of the 2017 advance and the 61.8% retracement of the…