EUR/USD Price Analysis: Solid support turned up at 1.2100

EUR/USD reverses three consecutive daily pullbacks.
Decent contention emerges around 1.2100 thus far .
EUR/USD manages to bounce off lows within the 1.2100 neighbourhood at the top of the week.

A serious recovery initially targets the (now resistance) line off the March lows, today around 1.2230. Further up comes within the monthly peaks near 1.2270 before 1.2300 the figure.

On the broader view, the constructive stance on EUR/USD is forecast to stay intact as long because it trades above the 200-day SMA, today at 1.1980.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and will not in any way encounter as a recommendation to shop for or sell in these assets. you ought to do your own thorough research before making any investment decisions. FXStreet doesn’t in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also doesn’t guarantee that this information is of a timely nature. Investing in Open Markets involves an excellent deal of risk, including the loss of all or some of your investment, also as emotional distress. All risks, losses and costs related to investing, including total loss of principal, are your responsibility. The views and opinions expressed during this article are those of the authors and don’t necessarily reflect the official policy or position of FXStreet nor its advertisers. The author won’t be held liable for information that’s found at the top of links posted on this page.

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