What's up investor friends?
EUR/USD remains at 1.1920 levels. The upward movement was hit by stiff resistance at 1.20 on Thursday last week, triggering the current corrective low.
We could expect a bearish continuation down to the lows of 1.1830, and in case of a breakout, down to 1.16 levels.
Another possible scenario would be a successful break of the 1.1960 ceiling (red line) and take the price to 1.2040 (blue line).
We must be patient and wait for price action.
Important
The information provided in this publication should not be considered as an investment recommendation. Trading cryptocurrencies, forex, stocks, among others, is risky.