Currency Pair – EUR/USD
Yesterday, during the first trading hours euro began lowering its value and during the US session it reached 1.2625 from 1.2710 USD. This morning the currency pair is trading at 1.2675-1.2700.
According to the analyses of Trading212, if euro breaks the resistance levels at 1.2690-1.2715 USD, the aim will be reaching and testing the zone 1.2745-1.2775 USD. If it is successful, the upward trend will continue to 1.2800-1.2825 USD.
If euro drops below the support levels at 1.2675-1.2655 USD, it will try to find a next support at 1.2630-1.2600 USD. In case of breaking down, the downward trend will continue to 1.2570-1.2550 USD.