- EUR/USD testing resistance
- U.S. Bank Holiday
Price Movement
Since last Friday, EUR/USD moved down by around 40pips before moving back up by around 60pips.
Trend
EUR/USD is trending downwards.
Macro Background
No major economic data release.
Important Issue
As U.S. banks will be closed in observance of Presidents’ Day, expect lower than usual trading volatility and volume.
Technical
EUR/USD is currently testing the 1.13256 resistance level.
Price Levels
Current Price: 1.13101
Next Resistance: 1.13256
Next Support: 1.12294