EUR/USD Outlook (8th February 2019)

• EUR/USD rejected support level
  

Price Movement
Since yesterday, EUR/USD has been moving within a 40pips range.

Trend
EUR/USD is currently trending downwards.

Macro Background
No significant economic data release.

Important Issue
None.

Technical
Yesterday, EUR/USD tested and rejected the support level of 1.13256.
Currently, EUR/USD is hovering above the support level of 1.13256.

Price Levels
Current Price: 1.13394
Next Resistance: 1.14138
Next Support: 1.13256