Euro is supported by the up-trend line and stood stably at 1.3400. However, it has failed to break out the resistance at 1.3650 several times. If it breaks out the resistance, it should confirm re-start of rebound from 1.1235. Further rise should seen to 1.1385 and 61.8% retracement of 1.1235 to 1.1515 at 1.1410 next. Otherwise, it fails to break out the resistance and drops under 1.1340, it'll turn focus back to 1.1310 and 1.1295 support instead.
The target is 1.1410.
Turning point: 1.1340.
Above 1.1340, bullish , target price is 1.1385,then 1.1410.
Under 1.1340, bearish , target price is set at 1.1310, then 1.1295.
RSI technical indicators are bearish and test the up-trend line.
Prior Strategy:
The target is 1.1410.
Turning point: 1.1340.
Above 1.1340, bullish , target price is 1.1385,then 1.1410.
Under 1.1340, bearish , target price is set at 1.1310, then 1.1295.
RSI technical indicators are bearish and test the up-trend line.
Prior Strategy:
Comment:
TP1 reached.
Comment:
Target Reached.