EURUSD is set to recapture 1.3832 with a breach !

EURO-Dollar-min

The EURUSD continued its bullish momentum last week , printed support at 1.3693 levels .This development leaves the pair targeting the 1.3832 levels where a breach is very likely , If seen, It will target the 1.4147 levels , a break would open 1.4280 next.

On the downside , support comes at the 1.3693 levels , a daily close below this level is an early warning for further decline , but losing it on a weekly basis would reverse risks to the downside towards 1.3471 levels, below this level would open 1.3325.

Overall; the EURUSD will remain biased to the upside with risk towards 1.4147 ahead of 1.4280 levels as long as 1.3693 holds on a weekly closing basis, losing the 1.3693 levels would reverse risks to the downside towards 1.3471 levels before the next possible rise!

 

 

GBPUSD targets 1.6154 , Resistance 1.6465 ! 

The GBPUSD maintained a bearish momentum last week, topped at 1.6465 levels, and bottomed at 1.6263.This development leaves the pair recapturing 1.6263 once again , where a breach is very likely, If seen , It will target 1.6154 levels ; at this point I’d expect strong support 1.6154 levels to contain fall from 1.6465 level and bring resumption above 1.6465 levels, losing the 1.6154 levels would open 1.5850 levels.

On the upside, a failure to hold below 1.6263 could mean a return  to the 1.6340/60 levels , a halt is strongly suggested and the pair is likely to resume its decline from this level , but break of 1.6360 would challenge 1.6465 levels , to reverse risks to the upside , a weekly close above  1.6465 is needed ,If seen, It would target 1.6617 ahead of 1.6745 levels.

 

 

EURGBP targets  0.8476/0.8590 levels , Support 0.8251 !

The EURGBP maintained a strong bullish momentum last week , the weekly close above 0.8388 levels , confirmed support at 0.8251 levels .This development leaves the pair targeting the 0.8476 levels , where a breach is very likely , If seen , It will target 0.8590 next, further out  will aim the 0.8716  levels.

On the downside , support comes at 0.8251 , losing this level on a weekly basis would reverse risks to the downside towards 0.8104/0.8000  levels before the next possible rise.

 

 

Conclusion :  As shown above , the weekly R% (Williams) is bullish for both EURUSD and EURGBP  and bearish for GBPUSD , so EURUSD is expected to rise ….

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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