Forex Market News FX charts. : EUR/USD

Monday, February 12, 2018

EUR/USD

EUR/USD edged higher in the Asian session. The pair has reversed directions in European trade and is moving downards
•1.2200 has switched to a support role after losses by EUR/USD on Tuesday
•1.2286 is the next resistance line
Further levels in both directions:
•Below: 1.2200, 1.2092 and 1.1961
•Above: 1.2286, 1.2357, 1.2481 and 1.2569
•Current range: 1.2200 to 1.2286
•
EUR/USD ratio has shown strong movement towards long positions. Currently, short positions have a majority (57%), indicative of EUR/USD reversing directions and moving higher.

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