EURUSD on the way up
The EURUSD pair managed to surpass 1.0673 to the upside and build support ground above it, to open the way to continue rising and head to 1.0750 that represents our next target, while the further targets located at 1.0874.
The exponential moving average 100 supports the bullish trend in the coming period, while the price to settle above 1.0612 to continue the waited rise.
Support & Resistance:
Support 1.0673 1.0612 1.0550
Resistance 1.0750 1.0820 1.0873
Recommendation EURUSD is positive above 1.0673, targets at 1.0750 then 1.0820, risk limit below 1.0612.
Reverse scenario Euro will be negative in case breaking 1.0612, targets at 1.0550 then 1.0473, while risk limit above 1.0673.
The exponential moving average 100 supports the bullish trend in the coming period, while the price to settle above 1.0612 to continue the waited rise.
Support & Resistance:
Support 1.0673 1.0612 1.0550
Resistance 1.0750 1.0820 1.0873
Recommendation EURUSD is positive above 1.0673, targets at 1.0750 then 1.0820, risk limit below 1.0612.
Reverse scenario Euro will be negative in case breaking 1.0612, targets at 1.0550 then 1.0473, while risk limit above 1.0673.
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