EURUSD is set to recapture 1.3966 with a breach , support 1.3773 !

EURO-Dollar-min

As shown on the daily chart below , the EURUSD was rejected from the weekly support 1.3785 with bullish divergence on the daily chart , and printed support at the 1.3773 levels . As as result ; outlook in EURUSD turns on the upside on the daily time frame with risks towards the 1.3930/1.4000 levels , further upside will aim the 1.4080 levels.

On the weekly chart , the pair has printed a temporary resistance at  the 1.3865 levels few weeks ago ,  yesterday the pair closed on weekly  at 1.3870 , few pips above 1.3865 levels , this scenario should recapture the 1.3966 levels at least .

Conclusion : since the pair was rejected from the weekly support 1.3785 with bullish divergence on the daily chart , printed support at the 1.3773 levels and breached above the  weekly resistance 1.3865 , a higher leg above the 1.3966 levels is in sight within 1.4080/1.4180 range before the next fall, note that this scenario is valid as long as the daily close is above the 1.3773 levels , losing the 1.3773 levels on a daily closing basis will extend losses towards the 1.3672 levels before the next possible rise…..

 

EURUSD is set to recapture 1_3966 with a breach , support 1_3773 !

 

EURUSD is set to recapture 1_3966 with a breach , support 1_3773 !_002

 

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