Market Overview

Technical Forecast for EUR/USD

Technical Forecast for EUR/USD


EURUSD hit our target of 1.3310/00 & continue lower to 1.3277 so we did not make it as far as good support at 1.3250/40 for a buying opportunity. If we do see this level today we can exit shorts & try longs with stops below 1.3190.


We are oversold short term so a recovery could be on the cards today. Immediate resistance at 1.3345/50 but above here we may reach 1.3400/20. With the daily chart more negative 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.

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

Posted-In: Technicals Forex Markets Trading Ideas


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