EUR/USD has started the week with slight gains. Currently, the pair is trading at 1.1238, up 0.20% on the day. In economic news, it’s a light data calendar, so we’re unlikely to see much movement from the pair on Monday. Germany’s trade surplus widened to EUR 18.7 billion but still feel short the forecast of EUR 19.0 billion. The eurozone Sentix Investor Confidence improved to -0.3, marking a four-month higher. In the U.S., the sole event is factory orders, which is expected to decline by 0.5%. On Tuesday, the U.S. releases JOLTS Jobs Openings.
How To Trade Forex Using Support and Resistance Levels
EUR/USD has posted small gains in the Asian and in European sessions
•1.1212 remains a weak support level
•1.1300 is the next resistance line
•Current range: 1.1212 to 1.1300
How To Trade Forex Using Support and Resistance Levels
EUR/USD has posted small gains in the Asian and in European sessions
•1.1212 remains a weak support level
•1.1300 is the next resistance line
•Current range: 1.1212 to 1.1300
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