FxWirePro
Long

EUR/USD Short term Outlook

FX:EURUSD   Euro / U.S. Dollar
928 4 4
•RES 4: 1.1035 ( Apr             6th high)

•RES 3: 1.1000

• RES 2: 1.0886 (8th Apr             high)

• RES 1: 1.0750 (15th high)

PRICE: 1.0736 @ 10:57 GMT            

•SUP 1: 1.0673 (20 day HMA )

•SUP 2: 1.0610 (Cloud bottom)

•SUP 3: 1.0550

•SUP 4:1.0460 (Mar 13th low)

Commentary:

EUR/USD             has slight recovered till 1.0745 after making a low of 1.0525. Overall trend is bullish as long as support 1.0610 holds.

On the upside minor resistance is around 1.0750 and break above would extend gains till 1.0881/1.100. Buy around 1.0700 stop around 1.0600 with target of 1.0881/1.100.





Very good analysis. My analysis of supply and demand supports your technical analysis, it shows that the market has found strong support above 1.0520. It is still pushing higher and it has not found serious supply yet. It seems like it is going to try test the previous highs around 1.10. Take a look at my last daily analysis. Regards and good luck!
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FxWirePro TheShakeOut
Thank you
+1 Reply
The last bar on the daily chart shows strong bullish potential. The market seems determined to test the highs around 1.1
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