EURUSD targets 1.3750 , support 1.3585 !

The EURUSD maintained a bullish momentum yesterday , bottomed at the 1.3585 levels and topped at the 1.3691 levels. This development leaves the pair targeting the 1.3750 levels , a halt is suggestted , but a breach will turn focus on the 1.3830 levels , further out will call for a run towards the 1.3900 levels.

On the downside , support comes at the 1.3585 levels, sustained trading below this level will signal short term topping and turn focus on the 1.3475 levels , a cut will open 1.3400 next.

In all , the EURUSD will remain based to the upside with risk towards the 1.3750 levels ahead of  the 1.3830 levels as long as support 1.3585 holds on a daily closing basis , stability below the 1.3585 levels on a daily basis will turn focus on the 1.3475 levels ahead of  the 1.3400 levels.

Views: 284


Comment by talisman on February 14, 2014 at 2:30am

u mean topped at 3691? is that a typo ?

Comment by Haitham653 on February 14, 2014 at 9:46am

Sorry , It's 1.3691 .....I'll fix this error .....


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