FXEM - EMPIRE MARKETS - Company New Article

EURUSD chart on the hourly time frame

Previously, we wrote; “The Euro confirmed or expectation and recovered back to 1.148 and 1.149.

Now the Euro is re-testing a resistance level at 1.1530. A break above this level should trigger a new move towards 1.1575 and 1.1615.”

The Euro failed to maintain itself and dropped back to 1.1445 – 1.1450 support range.

Current triggers for the Euro are 1.1445 and 1.1543.