EURUSD needs to clear 1.3577/710 to escape the threat of retesting 1.3243/325 !

EURO-Dollar-min

The EURUSD continued its bullish momentum as suggested yesterday , reached the first target at the 1.3577 levels, to resume its upside offensive , the pair needs to hold above the 1.3577 levels on a daily closing basis to open the way towards the 1.3710 levels , note that a halt is suggested from both levels, break of 1.3710 would open  the 1.3785/1.3870 levels ahead of the 1.4250 levels.

On the downside , a rejection from the 1.3577/1.35710 levels could mean a return to the 1.3461 levels , a break below the 1.3461 levels will confirm short term topping and flip bias back to the downside towards the 1.3325 levels ahead of the 1.3243 levels.

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), 1.3577 , 1.3710 , 1.3785 , 1.3870, 1.4246

 

Recommendations 1# :  Selling the pair around 1.3577 levels or below 1.3710 targeting the 1.3325 levels ahead of the 1.3243 levels, stop out with a daily closing above the 1.3710 levels.

Recommendations 2# : Buying the pair with a daily closing above the 1.3710 levels targeting the 1.3870 levels ahead of the 1.4250 levels, stop loss below 1.3620 levels.

Recommendations 3# : Selling the pair with a daily closing below the 1.3461 levels targeting the 1.3325 levels ahead of the 1.3243 levels, stop loss above the 1.3577 levels…

Note that you can short immediately or after rejection from 1.3577 or 1.3710 on daily !!

 

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