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EURUSD H1 Trend Watch !
EUR/USD faces minor obstruction around 1.1374/88
Key Quotes
"Last week EUR/USD ricocheted off the October and December 2019 highs at 1.1240/1.1180 true to form above which it is to stay over the course of the following not many days. Minor opposition can be spotted between the 1.1374/88 November 18 high and multi day mama. Further up intense opposition comes in at the 1.1594 5-month downtrend and keeping in mind that covered there, the general inclination stays negative."
"Underneath 1.1160 (TD support) would target 1.1000, the 78.6% retracement of the move seen in 2020."
Key Quotes
"Last week EUR/USD ricocheted off the October and December 2019 highs at 1.1240/1.1180 true to form above which it is to stay over the course of the following not many days. Minor opposition can be spotted between the 1.1374/88 November 18 high and multi day mama. Further up intense opposition comes in at the 1.1594 5-month downtrend and keeping in mind that covered there, the general inclination stays negative."
"Underneath 1.1160 (TD support) would target 1.1000, the 78.6% retracement of the move seen in 2020."
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