Euro Traders Need to Break 1.1730


The EURUSD pair is advancing for the second consecutive session so far on Tuesday amidst the persistent selling bias around the greenback. at the moment, Euro traders need to break 1.1730. Why is that? Gain insight into today’s technical analysis.

18 September, OctaFX – The euro continues to hold around the 1.1700 level against the greenback, following a strong move lower in the US dollar on Monday after more weak economic data from the American economy.

Will EURUSD Breaks 1.1730 Level?

EURUSD buyers need to break the 1.1730 level in the short-term or face a further technical rejection back towards the 1.1650 level. Euro traders now await a scheduled speech from European Central Bank President Mario Draghi.

  • The EURUSD pair is bullish while trading above the 1.1681 level, key resistance is found at the 1.1730 and 1.1750 levels.
  • If the EURUSD pair moves below the 1.1681 level, key technical support is found at 1.1650 and 1.1617 levels.

Disclaimer

This article about 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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