EURUSD builds an upward bullish momentum, pressure on the key resistance 1.3070

According to the last weekly closing: the pair builds an upward bullish momentum, pressure will be on the key resistance 1.3070, EURUSD will have to hold above 1.3070 on a weekly closing basis to push the market for further upside gains, if seen this scenario could push the pair further higher towards the key resistance 1.3385 where a breach will turn focus to 1.3485. But in return a failure to hold above 1.3070 could mean a return to the 1.2825/1.2802 levels, however, If 1.2802 is lost on a weekly closing basis, expect EURUSD  to weaken further towards the 1.2442 levels.

Best Regards

Haitham

 

Views: 145

Tags: EUR/USD, EURUSD

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