Latest
Forex Crunch
You are at:»»EUR/USD Targeting Further Upside

EUR/USD Targeting Further Upside

7
By Published: Last Modified: Forex News

EUR/USD: With EUR resuming its medium term uptrend, further upside offensive is likely in the days ahead. This suggests further upside is expected towards 1.3710 level.

Further out, resistance resides at the 1.3800 level followed by the 1.3850 level and possibly higher towards the 1.3900 level. Its weekly RSI is bullish and pointing higher supporting this view.

Conversely, support stands at the 1.3645 level with a break of here threatening further downside towards the 1.3500 level. A cut through here will aim at the 1.3451 level. A reversal of roles is likely to occur here and turn it higher. All in all, EUR remains biased to the upside.

EURUSD

Get the 5 most predictable currency pairs

About Author

FX Tech Strategy provides simple forex research for Intra-day, swing and position traders. For over 6 years, FXTechstrategy has been committed to providing forex traders including intra-day, swing and position traders exceptional forex research with technical analysis expertise that makes trading decisions easy and painless. FXTchstrategy won Best Technical Analysis (forex best awards) by fxstreet in 2011 and was finalists, Star Awards by traderplanet in 2011 & 2012.

7 Comments

  1. Pingback: Financial markets edge up after debt ceiling resolution | Forex Crunch

  2. Pingback: EUR/USD Targeting Further Upside | myfxequipment

  3. Pingback: Financial markets edge up after debt ceiling resolution | myfxequipment

  4. Pingback: Financial markets edge up after debt ceiling resolution - James Invest | James Invest

    • FXZoK on

      It will reach 1.37 soon, and may cross above the level a little bit due to stoploss hunting.

  6. Pingback: EUR/USD breaks to a near 2 year high – where next? | Forex Crunch