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EUR/USD Bounces Off Support

Started by PocketOption, Feb 16, 2022, 11:31 am

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PocketOption

Feb 16, 2022, 11:31 am
EUR/USD Bounces Off Support

The US dollar retreats as the Fed's half-point hike in March remains uncertain. The euro's break above the daily resistance at 1.1480 boosted buyers' confidence after a sell-off in January. It bounced off 1.1280 at the base of the recent bullish breakout. The support also is right next to the 61.8% Fibonacci retracement level (1.1265) […]


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