Technical Forecast for EUR/USD

EURUSD hit our target & good support at 1.3250/40 for a buying opportunity & we bottomed exactly here. We are oversold short term so we look for a move towards 1.3275 then 1.3297 for profit taking on at least some of our longs. Next resistance at 1.3315 can be used to exit remaining longs & we can then try shorts at 1.3335/40 with a high for the day expected.

 

1.3250/40 offers a second buying opportunity to exit shorts & try longs with stops below 1.3220 for a test of the next support at 1.3195/90. A bounce from here is likely today.