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    EUR/USD: Major Levels 1.0855 and 1.0894

    European Session
    The EUR/USD pair has been ranging between the levels of 1.0943 and 1.0837, since the 13th of January 2016.

    During the course of the session on Thursday, the pair initially rallied up to 1.0943, to then plunge down to 1.0837. Today, the major rose from 1.0855 to 1.0897. In the event where the buyers keep pushing higher and the pair breaks above 1.0906, the next targets could be 1.0943 and 1.0970 in extension.

    Conversely, in the scenario where the market heads to the downside once again, breaking below 1.0858, the pair could decelerate down to 1.0837 and 1.0805 in extension. 

    Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.

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