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EUR/USD update (18th April 2017, 10:00)

EUR/USD recovering.

EUR/USD recovering.

The recovery goes on for EUR/USD, with the rising trendline from the beginning of the year still intact. The price showed some hesitancy around $1.0675 yesterday, which suggests that this is the area that bulls will need to break in order to maintain upward momentum. A push above here would then target $1.0727 and $1.0777.

Bears will be disappointed unless they can push the price to $1.06 and below, a loss of this would put the price below the rising trendline and suggest an initial move to support at $1.0561.


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EUR/USD update (18th April 2017, 10:00)

EUR/USD recovering.

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