EURUSD loses the upside momentum !

EURO-Dollar-min

The EURUSD was rejected  from the 1.3577 levels , topped at the 1.3587 levels , bottomed at the 1.3516 levels yesterday, now pressure will be on the 1.3516 levels, a daily close below the 1.3516 levels will open the 1.3461 levels, a halt is suggested  but losing the 1.3461 is likely to pave the way towards the 1.3325 levels, further downside will aim the 1.3243 levels.

On the upside , a failure to hold below the 1.3516 levels could mean a return to the 1.3587 levels , If seen , a halt is suggested from the 1.3587 levels , but a breach will extend strength towards  the 1.3710 levels,another halt is suggested but If this important resistance is taken out, next resistance is at the 1.3785 levels ahead of the 1.3870 levels, further upside will aim the 1.4246 levels.

In all, the pair will remain under pressure with risk to the downside towards the 1.3325 levels ahead of the 1.3243 levels as long as  the 1.3577/1.3710 levels hold on a daily closing basis.

Support and resistance levels:  1.2660, 1.2745 , 1.2922 , 1.2992 , 1.3066, 1.3104 (main) , 1.3243 , 1.3324 ,1.3385 , 1.3461 (main), 1.3516 , 1.3577 ,1.3587 , 1.3710 , 1.3785 , 1.3870, 1.4246

 

EURUSD – Daily Chart

 

 

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