Daily Price Action

EURUSD Clears 1.1920 Resistance, but 1.1950 Remains


The EURUSD is breaking above the 1.1920 level today.

The area has served as resistance since April 7th.

However, even a daily close above 1.1920 wouldn’t suggest that buyers are free and clear of resistance.

As I mentioned last weekend, the 1.1950 is a critical area as well.

That’s why I was viewing it as a zone between 1.1920 and 1.1950.

It’s especially apparent on the weekly time frame.

EURUSD weekly time frame

In my opinion, it’s going to take a weekly close above 1.950 to flip the level to support.

If that happens, we could see the EURUSD trend higher toward the 1.2000 and 1.2030 areas.

Alternatively, bearish price action from the 1.1950 region could send the EURUSD lower.

Key support comes in at 1.1840 and 1.1700.

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EURUSD daily time frame

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Justin Bennett says

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Justin R says

Thank you for all that you do. I will be watching this one closely as I think this greatly affects crypto as well.

Osikemhekhai Bruno says

This is an eye opener. Thank you for your dedication and resilience. I’m ready to trade anything that happen at those key levels on EURUSD. Thank you my irreplaceable mentor.

ali says

thanks for the update.

Igor says


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