International Trading

EUR/USD


After a long period of consolidation that started on Friday evening and continued through most of Monday, we finally made a decisive break to the downside at 3pm, printing 12643 before rallying back up to test the broken support from below.  The 12680 area worked as resistance, and we printed 83 before coming off again overnight.  The market is in congestion mode again this morning, but we’ve just seen a little rally up to 12659 beaten back, leaving the bears on the front foot.  

We still have 12833 as our key reference.
R4                 1.2833
R3                 1.2730
R2                 1.2683
R1                 1.2659

S1                  1.2617
S2                  1.2521
S3                  1.2480
S4                  1.2398