EURUSD recently reversed up from the support area lying between the key support level 1.1125 (which has been reversing the price from the end of April) and the lower daily Bollinger Band.
The upward reversal from this support area coincided with the oversold reading on the daily Stochastic indicator.
EURUSD is expected to rise further and retest the next resistance level 1.1200 (former support from June and the start of July).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
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