Forex Trading – EUR/USD
Yesterday, during the first trading hours euro began lowering its value and during the US session it reached 1.2820 from 1.2920 USD. This morning the currency pair is trading at 1.2795-1.2815.
According to the analyses of Trading212, if euro breaks the resistance levels at 1.2815-1.2835 USD, the aim will be reaching and testing the zone 1.2860-1.2890 USD. If it is successful, the upward trend will continue to 1.2920-1.2940 USD.
If euro drops below the support levels at 1.2800-1.2775 USD, it will try to find a next support at 1.2750-1.2720 USD. In case of breaking down, the downward trend will continue to 1.2680-1.2655 USD.