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EURUSD analysis: Euro losing bearish momentum against US dollar

OctaFx | Feb. 25, 2019
EURUSD analysis: Euro losing bearish momentum against US dollar

February 25, OctaFX – The euro is starting to lose bearish momentum against the US dollar as sellers continue to struggle to break the key 1.1300 support level.

EURUSD technical analysis

The EURUSD is trading back above the pivotal 1.1337 level, with bulls attempting to launch another attack at the 1.1370 resistance level. If buyers can force price above the 1.1370 level, the 1.1500 resistance level is the overall weekly bullish target.

  • The EURUSD pair is only bearish while trading below the 1.1300 level, key support is found at the 1.1290 and 1.1250 levels.
  • If the EURUSD pair trades above the 1.1370 level, key resistance is found at the 1.1410 and 1.1500 levels.

Disclaimer

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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.