Forex4you - Analytics

    Forex4you

    550.75 6.50/10
    60% of positive reviews
    Real

    EUR/USD: mini-up-trend established, 1.1050 in sight

       
    The EUR/USD pair has broken above the 1.1017 highs and established a mini-up-trend higher, exhibiting two higher highs and two higher lows, on the 4hr chart.

    The existing rally will probably move higher up to a target at support and resistance at 1.1048; which is also at the level of a down-sloping trend-line. There may be a pull-back first, but that will probably find support at the trend-line at around 1.1000.

    Upside is also capped by resistance expected from the 50-day MA at 1.1100.
    EURUSD27final

       
    The EUR/USD pair has broken above the 1.1017 highs and established a mini-up-trend higher, exhibiting two higher highs and two higher lows, on the 4hr chart.

    The existing rally will probably move higher up to a target at support and resistance at 1.1048; which is also at the level of a down-sloping trend-line. There may be a pull-back first, but that will probably find support at the trend-line at around 1.1000.

    Upside is also capped by resistance expected from the 50-day MA at 1.1100.
    EURUSD27final


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree