EURUSD Tries to move higher in FX market
12/19/2017 3:41:32 PM
The EURUSD pair gained several new traction on Tuesday and is now making another effort to break past 180-day EMA.
Furthermore, constant USD selling bias, in spite of the anticipated passage of US tax cuts this week, recovered dip-buying interest and raised the pair back towards the 1.1811 handle.
Instant persistence stays near the 1.1833-44 area and is pursued by 1.1867 supply zone.
On the other hand, 1.1777-95 zone now appears to have arisen as immediate support, which if broken might pull the pair back towards 1.1743-50 area on the way 1.1717-25 strong horizontal support.
FOREX market analysis by FxErvin.