EUR/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
EUR/USD rally has been rejected from resistance, and the price is now testing a critical support level. After failing at the 1.1815 ceiling, sellers have pushed the price down. Indicators show that the previous buying momentum has faded, and the price is now sitting on the key 1.1780 support floor. The reaction at 1.1780 is key.



If this support breaks, expect a fall towards the next major support at 1.1726. If it holds, buyers may get another chance to challenge the 1.1815 resistance.
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