Market Overview

Technical Forecast for EUR/USD

Technical Forecast for EUR/USD


EURUSD hit our target & good support at 1.3250/40 for a buying opportunity & we bottomed exactly here. We are oversold short term & have reached as far as resistance at 1.3315 to exit remaining longs. We can then try shorts at 1.3335/40 with a high for the day expected but with stops above 1.3365 for a test of 1.3400 highs & a selling opportunity here.


1.3250/40 offers a second buying opportunity to exit shorts & try longs with stops below 1.3220. A break lower today should see a test of the next support at 1.3195/90. A bounce from here is likely today but just be aware that a break lower offers a very good buying opportunity at 1.3155/50.

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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