EURUSD is set to recapture 1.3344 with a breach !

EURO-Dollar-min

The EURUSD continued to maintain its bullish momentum the past few days, yesterday the pair found bids at the 1.3265 levels, this development leaves the pair targeting the 1.3344 levels where a breach  is likely, If seen, it will turn the focus on the 1.3415 levels, further break will aim the 1.3485 levels , next levels are 1.3615 ahead of 1.3710.

On the downside, main support is at 1.3265 levels, to neutralize the bullish attack , the pair needs to break and hold below the 1.3265 levels on a daily closing basis, If seen, a short-term top will be confirmed , next support is at 1.3165, a break will turn the focus on the 1.3058 levels, further break will look for 1.2992 ahead of 1.2922 levels.

In all, the EURUSD will remain biased to the upside with risk towards 1.3415 ahead of 1.3485 levels, only a break below 1.3265 will reverse risks to the downside.

MARKET DATA

UPCOMING ECONOMIC EVENTS

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