EURUSD bullish bias above 1.3489 !

EURO-Dollar-min

The EURUSD continued its bullish momentum yesterday , printed a new support at the 1.3489 levels, this development leaves the pair targeting the 1.3578 levels, break of 1.3578 will target the 1.3650 levels , a halt is suggested , but break of 1.3650 will aim the 1.3740 levels , another halt is suggested , but above 1.3740 will target 1.3832/ 1.3870 levels.

On the downside , support is at 1.3489 , as long as this level holds , the pair will remain biased to the upside towards 1.3650/740 levels, losing the 1.3489 would weaken the current bullish run for retesting the main support 1.3400, to reverse risks to the downside , a daily close below 1.3400 is needed , If seen , It will target 1.3295 ahead of 1.3104…

Intrady support is around 1.3530 (61.8% ) retracement of 1.3490/1.3598

Support and resistance (Daily Chart) : 1.3104 , 1.3295 , 1.3400 (main) , 1.3489 , 1.3650 , 1.3740 , 1.3832 , 1.3870, 1.4025

 

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