Eur/usd Choppy Trading

Support is established at 1.3830 and is also present at 1.3820 through 1.3800. This likely means the sideways swings will continue. Although minor trends within the broader range can still occur.

A break below 1.3800 will likely test the recent lows in 1.3750 area. Minor resistance is at 1.3880 but prices will need to push above 1.3900 to indicate strength.

1.3930 will provide moderate resistance with significant resistance at 1.3990-1.4000

By: forexpros

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