EUR / USD Analysis
EUR / USD is trading below 1.1850. Karen Jones from Commerzbank thinks there will be a deeper correction as the RSI deviates. Also, the pair will rise to 1.1635 with initial support waiting at 1.1646 above 1.1915.
“The EUR / USD is hovering between 1.1915 January 2018 low and 1.1908, recent month high in the near term.
“Initial support is at 1.1646/36 before March's highest level of 1.1495. Ideally, the declines will be limited to the three-month uptrend in 1.1488.
"The level above 1.1915/20 will be monitored and sought more gains up to 1.2635 / 66."