EURUSD targets 1.1750 levels, support 1.1130/1.1036 !

Forex EuroZone
Forex EuroZone

The EURUSD continued its bullish momentum last week, bottomed at the 1.1130 levels and topped at the 1.1466 levels.

This development leaves the pair targeting the 1.1750 levels in the upcoming weeks, a halt is very likely, the pair is likely to try topping around this level, however; sustained breakout-weekly closing- above the 1.1750 levels will target 1.2100 next, further upside will pave the way towards the 1.2500 levels.

On the downside, Immediate support comes at the 1.1130 levels ahead of 1.1036 (main), sustained breakout-weekly closing- below this level will suggest short term topping and reverse the risk towards the 1.0848/1.0461 levels before the next possible rise.

In all, as long as 1.1130/1.1036 support holds on a weekly closing basis, medium term outlook in EURUSD remains on the upside towards the 1.1750 levels and possible higher towards the 1.2100 levels, below 1.1130/1.1036 sees a fall risk towards the 1.0848/1.0461 levels before the next possible rise…

 

EURUSD targets 1_1750 levels, support 1_1130-1_1036 !

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