Forex commentary: EURUSD support level
The EURUSD has experienced a strong bullish in the last 2 weeks.We can see this market turn lower on the media before makes another substantial push higher.
Check out this rotation that we're keeping an eye on the strong horizontal area near 1.3300 for the action settings price forming bullish and provide an input into the uptrend. we can see the confluence of this support from senior August near 1.3300 who have flipped support, as well as the 8 day moving average.
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Comment:
The dollar recovered land mild today against some other Major; the dollar rose marginally affect British pound, euro, Canadian dollar, Japanese yen and Swiss franc, while losing marginally the Australian dollar and New Zealand.
In General, today is a very quiet in the forex markets as traders saw little reason to extend the existing trends or take positions counter-trend
The Dow lost points 48.22 or 0.44%, S & P 500 fell 6.5 points or 0.57% and the Nasdaq fell 11.45 points, or 0.48%.
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