The EUR/USD pair has been trending upwards since the 2nd of February 2016, with the price rising from as low as 1.5112 to as high as 1.5717.
During the European session, the pair manage to rise from 1.5497 up to 1.5718. In the event that the sellers keep exerting strong pressures and the price breaks below 1.5344, profit targets could be set at 1.5344 down to 1.5252 respectively.
On the other side, in the scenario where the buyers manage to regain momentum and succeed in breaking above the level of 1.5717, the price could rise up to 1.5981.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.