Daily Technical Analysis


  • EUR/USD 

Current level - 1.3839

Forex Technical Analysis on EUR/USD


Yesterday's break through 1.3830 support after the intraday peak at 1.3850 has neutralized the positive bias and the pair is caught in a tight range. Although there is a risk of one more downswing for a another test of 1.3780, my outlook here is bullish, for a break through 1.3862 resistance, en route to 1.3966 high. Minor intraday support lies at 1.3830.

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