However, after a brief rise in Tuesday’s trading session, the Euro has started to show symptoms of trepidation. This means that we may be nearing the end of our current upward trend, and that a return to the longer-term trend is thus warranted. It’s impossible to know for sure, but it sure appears like it would be simpler to go down from here than to keep going up. In the end, we had been in a long-term downward trend before we arrived here, and even if we had a strong rebound on Monday, it still goes against the trend.
1.12290 is support, while 1.12480 is a level of resistance. The Pivot Point at 1.12370 is placed between the lines of support and resistance, and the price is now above it. The EMA of 10 is moving in a bullish manner under the EMA100 and 200 moving horizontally. The MACD histogram is in positive area, and the RSI is moving upward to the 70 points. There is little movement in the Stochastic which is located in overbought area. There is no clear signal in ADX.

• There is resistance at 1.12480, followed by resistance at 1.12560 and 1.12670.
• There is support at 1.12290 Below, there is 1.12180 and 1.12100.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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