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EUR/USD Failed Its Second Daily Bullish Breakout

Published 04/13/2016, 05:52 AM
Updated 03/09/2019, 08:30 AM
EUR/USD
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EUR/USD failed its second daily bullish breakout

The EUR/USD is trading back at the pivot range as it failed another breakout, after it cut the resistance level 1.1455. The EUR/USD will see a reversal move as it breaks the strong support level 1.1360, creating a bearish leg near 1.1320 and 1.1285 next support levels.

However, the EUR/USD is trying to push upward to stay in the range between 1.1400 and 1.1500, but the pair needs a push above 1.1475 in order to support the upward movement of the trend to reach 1.1525, 1.1555 and 1.1580 respectively.

EUR/USD Chart

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