EUR/USD Analysis

Market news

1 February 2018

EUR/USD Analysis

EUR/USD is currently in a relatively important are close to 1.24.

On daily time frame chart, we can see that the price has been shown some indecision.

However, that below the price it has formed a upside trend line which the price has been respecting quite well.

Therefore, if the price keeps above the resistance level at 1.24 and the upside trend line, then we can expect a further bullish movement on eur/usd.

DJIA +0.15% 26,189.35 +39.96 Nasdaq -0.04% 7,408.88 -2.60 S&P +0.08% 2,826.17 +2.36

European stocks closed: FTSE 100 -43.16 7490.39 -0.57% DAX -185.58 13003.90 -1.41% CAC 40 -27.38 5454.55 -0.50%

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