Testing 1.3090 area, pair should halt around this level before extending its’ rally, as we have several weekly highs and lows here, back from 2008 and 2009; with hourly indicators reaching overbought conditions, yet 4 hours ones still heading north, pair should manage to consolidate around current levels, before finally breaking higher: above 1.3100, next target for the pair comes today at the 1.3150/60 zone.
To the downside, corrective movement should reach no more than 1.3050/60 zone; under this last, the movement could extend towards 1.3020/30 yet consider that with current break higher, buyers will be coming into play in any approach to 1.3000, now strong support in the term.
View Live Chart for the EUR/USD
To the downside, corrective movement should reach no more than 1.3050/60 zone; under this last, the movement could extend towards 1.3020/30 yet consider that with current break higher, buyers will be coming into play in any approach to 1.3000, now strong support in the term.
View Live Chart for the EUR/USD
