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EUR / USD begins to recover

EUR / USD begins to recover

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Jim Anderson - Public Relations

Analysts from Bloomberg write that EUR / USD rose just above 1.1110 / 06 (the lows of April and May). Closing above the lows of March and mid-June at 1.1239 (55-days ma) and last week’s highs at 1.1285.

“While the pair is trading below this mark, it retains a negative attitude. The breakthrough of 1.1100 will make the target a support line for 2018-2019 at 1.0974 and then 1.0814 (78.6% Fib correction). Initial resistance is at 1.1285 (July 11 maximum) and 1.1372 (55-week ma).