Technical Analysis for Major Currencies
EURO/USD
Euro is trying to form a base that it need to start moving towards the up side again, but the question is still shown if that will success or not. Today we expect euro to move up toward the 1.2960s as the first target and then to the 1.2980s.
The general trend is up as far as 1.2640 remain intact targets now at 1.3500 and 1.3200 target then at 1.3420.
The key resistance will be at 1.3200 and the key support at 1.2900.
Support: 1.2892, 1.2870, 1.2834, 1.2809, 1.2787
Resistance: 1.2935, 1.2955, 1.2980, 1.3000, 1.3032
Recommendation: We expect buying euro above 1.2927with a target at 1.2985 and stop loss below 1.2880.
recommendation on other pairs