Euro analysis – EURUSD intraday bearish below 1.1175

April 26, OctaFX – In this EURUSD analysis, euro currency has suffered another bearish daily price close against the US dollar, with the pair so far finding weekly support from the 1.1116 level.

EURUSD technical analysis

If the EURUSD pair breaks the 1.1116 level the 1.1100 level now offers the strongest form on intraday support. If the EURUSD pair corrects higher, the 1.1175 level is now key upside technical resistance on an intraday basis.

  • The EURUSD pair is intraday bearish while trading below the 1.1175 level, key technical support is found at the 1.1116 and 1.1100 levels.

  • If the EURUSD pair trades above 1.1150 level, key intraday resistance is found at the 1.1175 and 1.1200 levels.

Euro analysis


This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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