EURUSD bullish, eyes on 1.1480 , support 1.1418 !

EURO dollar 594 e1579955875401

The EURUSD continued its bullish momentum, printed support at the 1.1418 levels, stability above this level on an hourly closing basis should push the pair towards the 1.1480 levels, a halt is likely, but a break would open 1.1530 next, further upside will target the 1.1570 levels..

On the downside, Immediate support comes at the 1.1418 levels, losing this level on an hourly closing basis will open main support at the 1.1357/1.1323 levels, a halt is very likely? but a cut would terminate the current upward trend and suggest short term topping an open 1.1200 levels.

In all, as long as 1.1418 support holds on an hourly closing basis, outlook in EURUSD remains on the upside towards the 1.1480 levels ahead of the 1.1530 levels, below 1.1418 sees a corrective pullback towards theĀ 1.1357/1.1323 levels before the next rise…


EURUSD bullish, eyes on 1_1480 , support 1_1418 !