EURUSD targets 1.2970 , support 1.2735 !

EURO 2
EURO 2

As shown on the 4 hour chart below , the pair has broken above the upper border of the triangle pattern , this scenario is supposed to open 1.2970 levels , sustained trading above this level will pave the way towards the 1.3159 levels as a second target.

On the downside , mains support comes at the 1.2735 levels , stability above this level will keep the bullish momentum intact , however ; a clear break below this level on a 4 hour closing basis should delay or invalid the current bullish run and suggested a pullback towards the 1.2620 levels before the next possible rise..

In all . as long as support 1.2735 holds on a 4 hour closing basis , outlook in EURUSD remains on the upside towards the 1.2970 levels , below 1.2735 would delay the bullish move and bring consolidation above 1.2620 levels before the next possible rise.

 

EURUSD targets 1_2970 , support 1_2735 !

MARKET DATA

UPCOMING ECONOMIC EVENTS