EURUSD targets 1.3650 , Support 1.3473 !

EURO-Dollar-min

The EURUSD continued its bullish momentum yesterday, broke above 1.3541 levels. This development leaves the pair targeting the 1.3650 levels, a halt is strongly suggested and it might reverse from that point to the downside , but break of 1.3650 would open 1.3740, further out will aim the 1.3832  levels.

On the downside; support is at 1.3473 levels, losing this level on a daily basis would reverse risks to the downside towards 1.3294, sustained trading below 1.3294 would open 1.3104 levels.

Note that topping is suggested around 1.3650, 1.3740 and 1.3870 levels, however; outlook will remain bullish in short term with risk towards 1.3650 levels as long as 1.3473 holds on a daily basis, sustained trading below 1.3473 would reverse risks to the downside towards 1.3294 ahead of 1.3104 levels.

Recommendations: LONG position around 1.3525 with 1.3650 and 1.3740 as next target….

 

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