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Technical Forecast for EUR/USD

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Technical Forecast for EUR/USD

 


EURUSD hit our next target of 1.3375/80 & topped exactly here. Good support at 1.3325/20 also held profit taking as predicted & we bottomed exactly here. However the outlook is quite negative so be ready to go with a break lower & look for the next support at 1.3280/75. A low for the day is possible here so we can exit shorts & try longs with stops below the next support at 1.3240. We then look for a buying opportunity at 1.3210.


 


If we manage to hold support at 1.3325/20 look for a return to 1.3350/55, possibly as far as 1.3375/80 for a selling opportunity with stops above 1.3410.

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

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