Market Overview

Technical Forecast for EUR/USD

 

EURUSD fell to test very good support at 1.3310/1.3290 and the chance of a low for the week. This has worked so far today with a low at 1.3315 & we are bouncing towards resistance at 1.3377. We could push through here to test 1.3409/15 which will be much harder to beat. A high for the day here is very possible but if we break higher look for 1.3446 then 1.3466/76 for selling opportunity with a top here expected.
 
1.3320/10 should be used as a buying opportunity if we see it again today. We do expect this to mark the low but stops are needed below 1.3285 for a test of trend line support at 1.3220/10.

Posted-In: News Forex Global Economics Markets Trading Ideas

 

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