Apparently, some technical lines go back as far as November 2003. Yes, that’s nearly 12 years ago. The 1.1373 line had a role back then and also in recent months when the euro revisited these levels.
And once again, the recent rally, ignited by the global gloom and its 3 dark horses sent the pair to tackle this exact level, so far without success. This failure results in a slide back below 1.1360. What other levels should we be watching?
Read the rest of the article EUR/USD capped at high resistance – levels to watch