Resistance – 1.1275, 1.1308, 1.1342
Support – 1.1236, 1.1211, 1.1190
Support – 1.1236, 1.1211, 1.1190
- Euro’s rebound from 1.1236 (38.2% of 1.0463-1.1714) amid bullish price RSI divergence on hourly chart and broad based risk-off in equities indicates the currency could head higher towards daily 50-MA of 1.1308 levels.
- On the higher other hand, an hourly close below 1.1236 would shift risk in favor a drop to rising trend line support at 1.1190.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.