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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!