FX.co ★ EUR/USD Seems Exhausted!

EUR/USD stands at 1.1930 at the moment of writing and is fighting hard to resume its growth. The selling pressure remains high despite this rebound. Technically, this could be only a temporary growth after the most recent strong drop.

Jumping above 1.1956 immediate high could signal further growth while dropping under 1.1919 low may indicate a potential drop towards the previous lower low.

Trading Conclusion!

Buy EUR/USD only if it passes and stabilizes above the 1.1956 level. The next upside target will be at 1.2000.