Euro posts a higher low – Can it rebound higher?
![](https://www.orbex.com/blog/wp-content/uploads/2020/04/EURUSD-0904-750x430.png)
The euro currency is giving back some of the gains following the strong rally in the past few sessions.
After rising to a local high of 1.0903, price retreated slightly lower. This has formed a higher low as a result.
If price breaks out above the 1.0903 level, then we expect a move higher.
The next main target is seen in the 1.1030 – 1.1055 regions. If price fails to breakout, then we expect a move lower to the support area of 1.0787.
Test your strategy on how the euro will fare with Orbex - Open your account now.