Forex Forum to Share, Discuss, Communicate and Trade Forex

EURUSD: Halts Weakness, Eyes Recovery Higher

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.
Image

EURUSD: Halts Weakness, Eyes Recovery Higher

Postby FXTechstrategy » Wed Apr 05, 2017 11:31 am

EURUSD: With the pair closing marginally higher on Tuesday, more strength is expected as long as it trades above the 1.0635 level. Resistance comes in at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. Conversely, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. All in all, EURUSD faces more bear threats.

Image
FXTechstrategy
 
Posts: 256
Joined: Sat May 14, 2016 4:52 pm

Re: EURUSD: Halts Weakness, Eyes Recovery Higher

Postby Joess » Sat Apr 08, 2017 7:32 am

FXTechstratedgy wrote:EURUSD: With the pair closing marginally higher on Tuesday, more strength is expected as long as it trades above the 1.0635 level. Resistance comes in at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. Conversely, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. All in all, EURUSD faces more bear threats.

Image


I agree I see it going up from here.
Joess
 
Posts: 1
Joined: Sat Apr 08, 2017 7:31 am


Return to 2+1 = 3 - Technical Analysis Discussions

 

Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Joy Bahadur, l3imadi

cron