Technical Analysis – EURUSD bounces off 34-month low; nearby resistance may be more durable

EURUSD finally found some footing around a 34-month low of 1.0777 last week following the heavy sell-off from the beginning of the month, with the price strengthening towards the 1.0800 territory on Friday. The rebound, however, has not convinced traders yet that it is long lasting as the price could not clear the 1.0862-1.0888 resistance area that kept […]