As I explained in previous analysis EURUSD was strongly supported by inverted head and shoulders but subsequent SNB action pulled the pair down to 1.0660 zone test. It is very clear that EURUSD is bullish as long as 1.0659 is intact but for further continuation up, It needs to be above 1.0850 ( previous swing, triple top ). EURUSD is rejecting 38.2 currently so it might go up from these levels ( 1.0820 ) but if it breaks below 1.0780-90 region should provide bounces. According to ATR EURUSD is targeting 1.0890- strong resistance then 1.0920 and 1.1000. Intraday target should be H4 1.0920 if bullish momentum stays intact.

EURUSD

The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.

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