EURUSD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
A close above (1.1039) will call for (1.1029), and Loss of (1.0880) sees (1.0807).
Posted on Mar 27, 2015 in EURUSD |
The EURUSD bias is neutral. Upper barrier is at (1.1055), break above that area could trigger further short term upside pressure testing (1.0916). On the downside, the important price level at (1.0602) may be tested or broken in the coming sessions, which may pull the pair towards (1.0651 – 1.0619).Read More
Overall the direction remains unclear. EURUSD might close below (1.0602). If seen this will call for more declines to the (1.0551) level. Further down, support is located at (1.0494). Alternatively, above the (1.1055) level it will to be traded to resume its medium term uptrend towards its important resistance at (1.1153).Read More