The euro was trading at $0.99976, up 0.04% at the time of writing. The EUR had a conflicted morning, rising to an early high of $1.00133 before dropping to a low of $0.99820.
After the recent low, the EURUSD 4h chart formed a triple bottom. The market began a range between the lows and the 0.99150 level. The price is testing the upside resistance at this time, and another upward movement is expected. The EUR/USD pair may test resistance at $1.0100 and the Second Major Resistance Level (R2) at $1.0094 in the case of a long term rally.
• There is resistance 1.00344 followed by resistance at 1.00688 and 1.01484.
• There is support at 0.99772, Below, there is 0.99566 and 0.99108.
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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