EURUSD targets 1.3680/1.3738 , Support 1.3523 !

EURO-Dollar-min

The EURUSD maintained a bullish momentum yesterday , printed support at 1.3523 levels. This development leaves the pair targeting the 1.3620 levels where a breach is very likely ,If seen It will target 1.3681 ahead of 1.3738 ,at this point I’d expect strong resistance from 1.3680/1.3738 levels to limit the current bullish run and bring reversal , but  break of  1.3738  would challenge 1.3832 levels, sustained trading above 1.3832 will have large bullish implication towards 1.4025 ahead of 1.4280 levels.

On the downside ,   support comes at 1.3525 levels, If 1.3620 holds and 1.3525 fails , If seen , this scenario will reverse risks to the downside towards 1.3399 levels , below 1.3399 will open 1.3294/101 levels.

Overall, the EURUSD will remain biased to the upside with risk towards 1.3680/1.3738 levels as long as 1.3523 holds on a daily basis, losing 1.3523 will reverse risks to the downside towards 1.3400 levels first and below .

Support and resistance : 1.3101 , 1.3294 , 1.3399 , 1.3523 , 1.3620 , 1.3680 , 1.3738 , 1.3832 , 1.3870, 1.4025 , 1.4280

 

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