The Euro is trading around 1.5900, according to Valeria Bednarik, despite economic slowdown in the Euro Area: “The Eur/Usd is right now around 1.5900, despite the slowdown in Eurozone economy: the pair looks bullish for the rest of the day, with a first resistance around 1.5924, that if broken could send the pair first to 1.5949 and finally the zone around 1.5970/80.”

Support levels, according to Bednarik, stand as follows: “Supports today will be at 1.5872, the zone around 1.5840 and finally 1.5810 an ascendant trend line clear in 4 hours charts.”

Source: http://www.fxstreet.com

Random Posts