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EURUSD retreats after resistance test, Anton Kharitonov notes

EURUSD retreats after resistance test, Anton Kharitonov notes
EURUSD returns to range, rebound possible

Anton Kharitonov highlights that EURUSD was unable to break through resistance and has moved back to the lower edge of its trading range. A rebound toward resistance is possible from current levels, but a break below support could trigger a further decline toward 1.1360–1.1330.

Kharitonov has recently commented on other major currency and equity levels. He reported dissatisfaction in Japan and the U.S. as USD/JPY climbed to notable levels. Earlier, he noted that MSFT stock was approaching a strong support area. These observations come amid closely watched price action in global markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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