Market Overview

Technical Forecast for EUR/USD

 

EURUSD bounced from very good support at 1.3465/55 and our buying opportunity. Resistance at 1.3540/60 did cap for most of the day but we broke higher eventually but have further tough resistance today at 1.3615. It should be worth attempting shorts here with a stop above 1.3660 as a break higher could lead us back to 1.3700/711 highs.    
 
Support at 1.3560/50 but below here 1.3520/10 should be seen. Good support below again at 1.3465/55  could hold the downside today. However longs need a stop below 1.3425 for 1.3375 and again this should be seen as a good buying opportunity with strong support.

Posted-In: News Forex Global Economics Markets Trading Ideas

 

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