The Euro maintains firm tone on Thursday and keeps focus at the upside after strong bullish signal was generated on Wednesday's surge and close above key 1.1140 resistance zone. Rising bullish momentum on daily chart and MA's in bullish setup support the advance, with long-tailed bullish candle of last Friday also underpinning the action. Fresh bulls retest cracked barrier at 1.1162 (50% of 1.1239/1.1084) and eye 1.1180/1.1200 (Fibo 61.8% / 6 Jan high/Fibo 76.4%). Broken 1.1140 pivot now offers strong support which is expected to hold and keep bulls in play.

Res: 1.1162; 1.1180; 1.1205; 1.1224
Sup: 1.1140; 1.1118; 1.1104; 1.1084



Interested in EUR/USD technicals? Check out the key levels

    1. R3 1.1218
    2. R2 1.1191
    3. R1 1.1172
  1. PP 1.1145
    1. S1 1.1126
    2. S2 1.1099
    3. S3 1.108


The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

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