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Technical Forecast for EUR/USD

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Technical Forecast for EUR/USD

 


EURUSD hit profit taking as predicted & has almost exactly hit our target of 1.3310/00. A low for the day was expected here & this has held so far but a break lower looks more likely today & should target good support at 1.3250/40 for a buying opportunity at this stage. Exit shorts & try longs with stops below 1.3190.


 


1.3345/50 should be a challenge on any bounce but above here we can exit longs & try shorts in the 1.3400/20 area with stops above 1.3440 as a break higher can then target 1.3505/15.

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