erillmann96

EURUSD POTENTIAL UPSIDE TARGETS

Long
FX:EURUSD   Euro / U.S. Dollar
Looking at the weekly timeframe, we see that EURUSD has been rejecting the level of 1.13500-1.4ish, and the Fib of 23.6%. We need a break and close above key monthly resistance+ trend line break at 1.15 which will lead us to 1.18500 + the 38.2% Fib. Also it looks like a higher high is about to be achieved for the EUR along with higher lows on the DAILY timeframe. As always keep it simple, but always look deeper at price action and not indicators which are not reliable. Threw the RSI for shits and giggles. ;)
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