EURUSD failed to break below 1.3258 support and stayed in the trading range between 1.2358 and 1.2599.
As long as 1.2599 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.2867, another fall to 1.2000 area could be expected after consolidation.
Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account. The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.
Content curiosity of FOREXCycle
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