EURUSD May Go Up Soon, Support At 1.1826 Levels!

EURO -dollar - 69875

The EURUSD fell as suggests a few days ago, reached daily chart support 1.1826, but the chart shows sign of oversold on intraday timeframes. let’s take a quick look at the 2- hour chart below:

blankDaily chart support 1.1826 was rejected with a bullish divergence, immediate support comes at the 1.1860 levels, stability above this level on an hourly closing basis will keep pushing towards the 1.1900 levels, a break will aim the 1.1960 levels, further upside will pave the way to the 1.2059 levels.

On the downside, a sustained breakout -hourly closing basis – below 1.1826 levels will suggest a corrective pullback to the 1.1826/1.1816 levels before the next rising, below that level sees a fall risk to the 1.1750 levels.

GBPUSD: The pair trades above daily chart resistanceĀ 1.3442 levels, a daily closing back below theĀ level will suggest signs of exhaustion if seen a consolidation below 1.3442 is likely the upcoming days. But a daily closing above 1.3442 will pave the way to the 1.3585 levels.

blankEURGBP: The first assumed target has been met at the 0.8800 levels, as suggested yesterday, so a rebound is likely to the 0.8845 levels where a break will aim 0.8981 levels (main). below 0.8800 sees a fall risk to 0.8766/0.8718 levels.