EURUSD Could Reach 1.3900 Today

EURO-Dollar-min

As shown on the 4 hour chart below , the EURUSD pair is trapped inside a triangle , with potential break to the upside , note that the pair was rejected from the key support 1.3693 with bullish divergence , resistance comes at 1.3750 levels , break of 1.3750 will have large bullish implication and should recapture the 1.3825 levels , a breach is very likely , If seen , the first assumed target at 1.3900 levels will be reached .

On the downside , support comes at the 1.3693 levels , sustained trading below this level is needed to reverse risks to the downside , If seen , the pair will extend losses towards the 1.3585 levels before the next possible rise , bellow 1.3585 will turn focus on the 1.3476 levels.

 

EURUSD Could Reach 1_3900 Today

 

MARKET DATA

UPCOMING ECONOMIC EVENTS