Comment: Euro moved sideways for the most of the day yesterday between 1,3900 and 1,4000. Later an upward reaction was formed and resistance at 1,3970-80 was breached and turned into a support.
The rise today was resumed to 1,4050-60, where bears gained momentum and support at 1,3980-00 is likely to be reached. As long as price remains above these levels, a move towards previous tops of 1,4050-80 or even 1,4100-30 will be possible...
In case of a downward move below 1,3970, a reach of the base of 1,3880-00 or even 1,3830-40 will be possible.
Comment: Euro moved sideways for the most of the day yesterday between 1,3900 and 1,4000. Later an upward reaction was formed and resistance at 1,3970-80 was breached and turned into a support.
The rise today was resumed to 1,4050-60, where bears gained momentum and support at 1,3980-00 is likely to be reached. As long as price remains above these levels, a move towards previous tops of 1,4050-80 or even 1,4100-30 will be possible...
In case of a downward move below 1,3970, a reach of the base of 1,3880-00 or even 1,3830-40 will be possible.
