EUR / USD remains neutral in the short term, perhaps the resumption of the bearish trend
- On Monday EUR / USD He stepped down after the euro, which retreated from the highs as the victory Makron shifted the focus of attention of investors to the election campaign in the monetary policy.
- The political risks associated with the elections and dominated the European markets during the year, receded into the background. It is expected that the acceleration of economic growth in the euro zone could lead to a tightening of monetary policy of the Fed.
- After the breakdown of the daily high of $ 1.1022, the pair declined sharply as soon as it became known that the victory in the elections, Le Pen lost to Macron.
- The pair is currently trading at 1.0929. In the short term could be continued downward movement first towards the mark 1.0880 and then to 1.0850.
- Instantaneous resistance of settled in 1.1000 breakthrough above which will throw the nearest pair to the line resistance near 1.1045 marks.
- Immediate support was seen within 1.0929, a break below which will pave the way to the next level in the area of 1.0884.
resistance levels
R1: 1.0978 (50% correction level)
R2: 1.1000 (psychological Levels)
R3: 1.1045 (the high of December 16)
support levels
S1: 1.0929 (38.2% correction level)
S2: 1.0884 (23.6% correction level)
S3: 1.0849 (low of April 27)
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