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EUR/USD can test resistance between 1.1000/1.1050: Emkay

EUR/USD pair can test resistance between 1.1000-1.1050 zones. Failure to sustain between these zones will see prices retrace lower.Areas between 1.0860-1.0800 have become strong support zones for EURUSD pair. Prices need to sustain above 1.1050 to advance higher towards 1.1100 levels, says Emkay.

August 11, 2015 / 12:37 IST
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    Emkay Global Financial Report on Currency
EUR/USD pair can test resistance between 1.1000-1.1050 zones. Failure to sustain between these zones will see prices retrace lower. Areas between 1.0860—1.0800 have become strong support zones for EURUSD pair. Prices need to sustain above 1.1050 to advance higher towards 1.1100 levels.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

first published: Aug 11, 2015 12:37 pm

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