© Dukascopy Bank SA
Currently, market players bet on appreciation of the single currency against its U.S. counterpart, buying the pair in 53.61% of cases. To make the traders' outlook to come true, the pair has to breach a resistance region at 1.3527/43 (four-hour R1, R3, R3; daily PP) that if overcome will trigger a rally towards the daily resistance sitting at 1.3568 that is regarded as the last hindrance for more than a nine-month high.
© Dukascopy Bank SA