Technical Analysis of EUR/USD
Resistance levels: 1.3500/1.3525/1.3560
Support levels: 1.3450/1.3410/1.3370
EUR/USD has rebounded directly towards 1.3500 after test of 1.3410 crucial Support earlier today as it was suggested.The bias remains bearish as long as price is below 1.3520-24 crucial Resistance area for retest of 1.3410 bottom and further downmove towards 1.3370 in mid term. On the other side, a break above 1.3520-25 area, however, again is needed for reversal towards 1.3625 and 1.3683 record high in longer term.
Dont negelct news on it today which in general is expected to be badOriginally Posted by kazim2k7
Resistance levels: 1.3500/1.3525/1.3560
Support levels: 1.3450/1.3410/1.3370
EUR/USD has rebounded directly towards 1.3500 after test of 1.3410 crucial Support earlier today as it was suggested.The bias remains bearish as long as price is below 1.3520-24 crucial Resistance area for retest of 1.3410 bottom and further downmove towards 1.3370 in mid term. On the other side, a break above 1.3520-25 area, however, again is needed for reversal towards 1.3625 and 1.3683 record high in longer term.
and so the last europian side declaration saying that inflation rate is in incearse
have a good tarde
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