EURUSD targets 1.3870/1.4025 , Support 1.3740 !

EURO-Dollar-min

Even the pair has corrected a lower bit , but it’s found support at the 1.3740, this development leaves the pair targeting the 1.3785 where a breach is likely , If seen , It will target the 1.3870 levels, further out will aim the 1.4025 levels.

On the downside, support is at 1.3740 levels, losing this level would delay the bullish move for retesting 1.3650 levels where halt is strongly suggested , sustained break below 1.3650 would open 1.3472 levels.

Overall, the pair will remain very bullish with risk towards the 1.3870 ahead of 1.4025 as long as 1.3740 holds, losing this level would weaken the current bullish run for retesting 1.3650 levels.

 

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