EUR Succeeded to achieve high versus USD
8/8/2017 1:16:28 PM
During Forex market activities, EUR/USD succeeded to reclaim 1.1807 handle in Asian session, and now merges the renewed increase above the last heading into a data light European session.
EUR/USD has stopped ahead of 1.2011: The daily CCI has not established the new high and Friday saw the start of a sell off, and we dubious that the 1.2011 level may prove to be a bit of a psychological level. Nearby support is provided by the speeded up upward tendency at 1.1658 and the 2 month upward tendency at 1.1488 and while above here, there is scope for additional gains. Resistance lies at 1.2044 the 2011 low, then 1.2167, the 50% retracement from the move down from the 2014 high.
FOREX market analysis by FxErvin.