Forex Forum to Share, Discuss, Communicate and Trade Forex

EURUSD: Bullish, Triggers Long Term Uptrend

Discuss Technical Analysis for various currency pairs and share your views. You may also like to check our Forex technical analysis and Forex forecast sections.

EURUSD: Bullish, Triggers Long Term Uptrend

Postby FXTechstrategy » Sun Jan 14, 2018 3:41 pm

EURUSD: The pair closed higher the past week triggering the resumption of long term uptrend. On the upside, resistance comes in at 1.2250 level with a cut through here opening the door for more upside towards the 1.2300 level. Further up, resistance lies at the 1.2350 level where a break will expose the 1.2400 level. Conversely, support lies at the 1.2150 level where a violation will aim at the 1.2100 level. A break of here will aim at the 1.2050 level. Below here will open the door for more weakness towards the 1.2000. Its weekly RSI is bullish and pointing higher. All in all, EURUSD faces further upside weakness on further bullishness.

Posts: 297
Joined: Sat May 14, 2016 4:52 pm

Return to 2+1 = 3 - Technical Analysis Discussions


Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Google Adsense [Bot], Jan Schoemaker, John Harry