EUR/USD: Euro dipped below 1.10955 in yesterday's session but was supported at the bottom of the horizontal price channel during the European and U.S. session. The pair managed to pull up and made its way back to around 1.11220 resistance area indicated in my previous update.
The Euro now faces a vital challenge to break the 1.11220 price barrier as the current data shows a price pattern of lower highs and lower lows which indicates a drift to the downside. The pair could return to 1.10955 and 1.10800 if it fails at 1.11220
The Euro now faces a vital challenge to break the 1.11220 price barrier as the current data shows a price pattern of lower highs and lower lows which indicates a drift to the downside. The pair could return to 1.10955 and 1.10800 if it fails at 1.11220
