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Thread: Technical Analysis of EUR/USD

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    Default Technical Analysis of EUR/USD

    Resistance levels: 1.3500/1.3525/1.3560
    Support levels: 1.3450/1.3410/1.3370

    EUR/USD has rebounded directly towards 1.3500 after test of 1.3410 crucial Support earlier today as it was suggested.The bias remains bearish as long as price is below 1.3520-24 crucial Resistance area for retest of 1.3410 bottom and further downmove towards 1.3370 in mid term. On the other side, a break above 1.3520-25 area, however, again is needed for reversal towards 1.3625 and 1.3683 record high in longer term.

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    Default

    Quote Originally Posted by kazim2k7 View Post
    Resistance levels: 1.3500/1.3525/1.3560
    Support levels: 1.3450/1.3410/1.3370

    EUR/USD has rebounded directly towards 1.3500 after test of 1.3410 crucial Support earlier today as it was suggested.The bias remains bearish as long as price is below 1.3520-24 crucial Resistance area for retest of 1.3410 bottom and further downmove towards 1.3370 in mid term. On the other side, a break above 1.3520-25 area, however, again is needed for reversal towards 1.3625 and 1.3683 record high in longer term.
    Dont negelct news on it today which in general is expected to be bad
    and so the last europian side declaration saying that inflation rate is in incearse

    have a good tarde

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