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EUR/USD Analysis: Falls from 1.20

Written by By Dukascopy Bank Team | 2018-05-15 07:50:19 GMT

It is expected that the pair pushes lower during the following hours until the US Retail Sales are published at 1230GMT; this in turn could introduce volatility in the market. In case the 100-hour SMA and the weekly PP at 1.19 are breached, the Euro is likely to target 1.1860/80.

Meanwhile, a failure to do so should result in the pair surpassing the weekly R1 at 1.20. This move might be an early indication that the expected medium-term surge is to begin soon.

EURUSD

 

Interested in EURUSD technicals? Check out the key levels

    1. R3 1.2046
    2. R2 1.2021
    3. R1 1.1974
  1. PP 1.195
    1. S1 1.1903
    2. S2 1.1878
    3. S3 1.1831

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By Dukascopy Bank Team

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