EURUSD’s supported by rising trend line !

EURO-Dollar-min

As shown on the 4-hour chart posted below. Fall from 1.3301 rejected from the rising support from 1.2992 levels. The pair already finds support at 1.3233 levels. Resistance is at 1.3301 levels, a 4 hour close above these levels will target the 1.3400 levels.

However; %R Williams indicator is very bullish and strongly supports the bullish view, but the pair needs to overcome the 1.3301 levels, note that a break below the rising support line would weaken the bullish scenario and most likely would reverse risks to the downside towards 1.3165 levels and possible below.

MARKET DATA

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