Market Overview

Technical Forecast for EUR/USD

EUR/USD is very oversold so a bounce today is possible to 1.3182. We should struggle here with a high possible but if we push through 1.3200 we look for a selling opportunity at 1.3283 with a stop needed above 1.3320 A break below 1.3000 however could target 1.2890/80 before finding support in this down trend.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: News Technicals Forex Global Economics Markets Trading Ideas

 

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