EURUSD

The EUR/USD recovered from the lows and has reached the 1.1318 level. If the price breaks the 1.1318 level, the next target will likely be at the 1.1440 (200-DAY MA). In contrast, support is found at the 1.1260 and 1.1180 respectively. A break below the 1.1180 could possibly force the pair as low as the 1.1090 level. The RSI (DAY) remains at the neutral territory. CCI (DAY) is at the overbought territory.

 

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Christos Nikolaou

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