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EURUSD: Strengthens, Eyes The 1.0774 level And Beyond

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EURUSD: Strengthens, Eyes The 1.0774 level And Beyond

Postby FXTechstrategy » Tue Jan 31, 2017 2:46 pm

EURUSD: With the pair strengthening strongly during Tuesday trading session today, more bull pressure is envisaged. We expect to first retarget its resistance located at 1.0774 level. On the upside, resistance comes in at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. Conversely, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Conversely, All in all, EURUSD faces further upside pressure short term

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FXTechstrategy
 
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Re: EURUSD: Strengthens, Eyes The 1.0774 level And Beyond

Postby matttrader » Wed Feb 01, 2017 4:46 pm

No worries Fed will push the pair lower. Selling EURUSD 1 lot with Hotforex hope Fed will consider faster rate hikes.
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