Euro against Dollars

• By James Edward
• Posted May 11, 2021
• 0 Comments

The EUR/USD pair stood at the level of 1.21401 with the percentage change of -0.11% when compared to the previous sessions in the trading market on Tuesday, yet again the EUR/USD pair has witnessed a back and forth momentum in the trading sessions. Euro is now getting less support from the traders who invest in the EUR/USD pair in the trading sessions.

The US Dollar is getting the maximum support from the traders against the Euro and the basket of major other currencies and the US Dollar index stood at the level of 90.785 in the trading sessions.

On the other hand the support level for the EUR/USD pair is seen at the level of 1.2150 which is followed by 1.2110 and 1.2070, the resistance for the pair is seen at the level of 1.2190 which is followed by the level of 1.2240 and 1.2285 in the trading sessions.

The short-term trade for the EUR/USD pair is witnessing a back and forth momentum in the market which intern makes the pair risky a risky pair to trade on and for a longer run the pair might get benefitted as the investors are closely looking at each and every moment of the EUR/USD pair in the trading sessions.

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