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


Related Articles

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→