EUR/USD And USD/CHF Remain Supported On Dips

EUR/USD is trading nicely above the 1.1280 support and it could continue to move higher. USD/CHF is currently correcting lower, but it remains supported on dips near 1.0050.
Important Takeaways for EUR/USD and USD/CHF


  • The Euro traded higher recently and tested the 1.1320 resistance area against the US Dollar.
  • There is a major contracting triangle in place with resistance near 1.1305 on the hourly chart of EUR/USD.
  • USD/CHF climbed higher recently above the 1.0000 and 1.0050 resistance levels.
  • There is a crucial bullish trend line formed with support at 1.0050 on the hourly chart.

EUR/USD Technical Analysis

EURUSD-Chart-2-1024x479 (1).jpg

The Euro started a solid rebound after forming a support base above the 1.1200 and 1.1220 levels against the US Dollar. The EUR/USD pair climbed above the 1.1250 and 1.1280 resistance levels to move into a positive zone.

Continue on FXOpen blog