By: Investija
Bulls did manage to break resistance level at 1.5112 with enormous strength. At the moment, neutral situation is still valid, but strong potential by bulls side to initiate positive trend is expected. Bears are in danger, look for short term upswings possibilities.
EUR/USD- New Support And Resistance Levels Are Formed
New support and resistance levels are formed at current neutral situation. Bears did manage to decline the price. However, according to previous bullish movement – they still have enough potential to recover. While support level holds, bulls are in safer area. Just below support barrier, bears can extend their current fall. At the moment waiting action remains.
