Open trading account 
hello everyone ..
The pair gave up ground last week after closing above the 1.1875 handle on November 24. The area has lost some of its appeal for my part given the way price action has ‘chopped’ back and forth for several days.
However, despite the indecision shown by market participants, the Euro did manage a close above 1.1875 on a weekly closing basis. As such, it’s important to respect the upside potential here.
At the same time, the price hasn’t managed to move higher from trend line support that extends from the November low. Whether or not this is a sign of forthcoming weakness is anyone’s guess at this point.
The pair gave up ground last week after closing above the 1.1875 handle on November 24. The area has lost some of its appeal for my part given the way price action has ‘chopped’ back and forth for several days.
However, despite the indecision shown by market participants, the Euro did manage a close above 1.1875 on a weekly closing basis. As such, it’s important to respect the upside potential here.
At the same time, the price hasn’t managed to move higher from trend line support that extends from the November low. Whether or not this is a sign of forthcoming weakness is anyone’s guess at this point.
