NiksFX

EURUSD Hourly timeframe

Long
FX:EURUSD   Euro / U.S. Dollar
The pair is traded on an upward price channel on hourly time-frame, trying to find the channel resistance trend line at 1.10250. 20 SMA is above SMA50 and both are above 200 SMA. Support level can be found at 1.086 from the major trend line which begin from late March which is around 61.8. ADX index shows that+DI is above –DI at 20 price level which indicates short long movement. +DI also crossed above ADX index. We expect a confirmation for the momentum from the index, otherwise we may observe a short pullback on euro dollar before goes even higher. 3 support levels with the most significant be around 1.086. Just giving some opportunity, in regards with my opinion. Today’s corporate earnings announcement on US might help to see EUR find higher levels, touching firstly the 1.102 resistance price level.
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