Forex Trading – EUR/USD
Yesterday, during the first trading hours euro began lowering its value and during the US session it reached 1.2965 from 1.3040 USD. This morning the currency pair is trading at 1.2985-1.3005.
According to Forex analyses, if euro breaks the resistance levels at 1.3000-1.3020 USD, the aim will be reaching and testing the zone 1.3045-1.3065 USD. If it is successful, the upward trend will continue to 1.3090-1.3120 USD.
If euro drops below the support levels at1.2985-1.2965 USD, it will try to find a next support at 1.2940-1.2915 USD. In case of breaking down, the downward trend will continue to 1.2890-1.2865 USD.
