The EURUSD maintained a bullish momentum yesterday , topped at the 1.3698 levels , and bottomed at the 1.3507 levels few days ago .Now pressure will be on the 1.3698 levels.

The EURUSD will have to hold above the 1.3698 levels on a daily closing basis to push the market for further upside gains , If seen , It will target the 1.3750 levels where a breach will turn focus on the 1.3815 levels , further out will aim the 1.3890 levels.

Alternatively , a failure to hold above the 1.3698 levels could mean a return to the 1.3620 levels , a halt is suggested , but a break would turn focus the 1.3507 levels , If this level fails, expect the market to weaken further to the 1.3455 , next support comes at 1.3890 levels.

Overall , the EURUSD is likely to retain to its medium term upside bias as long as  support 1.3507 holds on a daily closing basis with risk towards 1.3750 ahead of 1.3815 , below 1.3507 will reverse risks towards 1.3455/1.3390 levels.

Support & resistance : 1.3315 , 1.3390 , 1.3455 , 1.3507 , 1.3620 , 1.3698 , 1.3750 , 1.3815 , 1.3890 , 1.3940 , 1.4000

EURUSD targets 1.3750 levels !

Views: 287


Comment by Haitham653 on January 24, 2014 at 11:19am

EURUSD is likely to test 1.3750 before the next move..........

Comment by kamdi eloji on January 24, 2014 at 1:05pm

hi haith eur has dropped all the way to 36865 levels is it likely to still test 1.3750 like you said?

Comment by Haitham653 on January 24, 2014 at 5:02pm

HI kamdi...

1.3750 is not too far from the first assumed target has been reached ?!!

At the moment , bearish divergence under development on the daily chart..........

stay tuned for updates.........


You need to be a member of Forex Social Network to add comments!


Join us on Facebook Now!!!

Hi everyone

This website was closed June 2nd 2015.

Please, join us now at Facebook where you can keep sharing your thoughts about Forex with our community of traders:

OVER 2,500 READERS!!!!

© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service


Live Video