The Central European Bank kept EURUSD from rising again
The Bank’s 1.1833 level remains the defining resistance. Until tomorrow, this mark will remain a significant barrier to the pair’s growth. It is important to note that there is still no violation of the upward momentum, so conditions may be created for the EURUSD to continue growing in the near future.
The medium-term accumulation zone makes it possible to look for sales from the Bank level and purchases from the lower zone of the Central Bank at 1.1769. Working in the range implies short profit fixing at the borders.
To continue growth before the start of new operations on the open market, it will be necessary to close today’s trading above the level of 1.1883. This will lead to the formation of a bullish model for the current week.
The material has been provided by InstaForex Company – www.instaforex.com