The EUR/USD pair met strong resistance at 1.1500 and declined to 1.0850, 1.0400, 1.0000, and finally, 0.9600.
The market rebounded from 1.0800-1.0850 but faced more sellers that dragged the prices down again.
The 1.0930 level was a crucial hurdle for buyers, who could only raise the prices to 1.1000 briefly.
Therefore, the current level of 1.1000 is important to monitor for any signs of selling pressure.
On the other hand, any drop to 1.0600 could lure buyers, who might push the prices up again.
The material has been provided by InstaForex Company – www.instaforex.com
The EUR/USD pair met strong resistance at 1.1500 and declined to 1.0850, 1.0400, 1.0000, and finally, 0.9600.
The market rebounded from 1.0800-1.0850 but faced more sellers that dragged the prices down again.
The 1.0930 level was a crucial hurdle for buyers, who could only raise the prices to 1.1000 briefly.
Therefore, the current level of 1.1000 is important to monitor for any signs of selling pressure.
On the other hand, any drop to 1.0600 could lure buyers, who might push the prices up again.
The material has been provided by InstaForex Company – www.instaforex.com
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