EURUSD pair trend


The short-term trend of the Euro against the US Dollar is up to a slight resistance of $ 1,2222. The break of this resistance could push the EURUSD pair to the high of $ 1,2348. However, from the traders' point of view, if EURUSD falls below the support of $ 1,2052, it could indicate the entry of the currency pair into the correction phase starting from the rate of $ 1,2348. In this case, the short-term trend of EURUSD will fall to $ 1.1887 at the correction of 61.8% Fibonacci.