On Monday EURUSD tested and closed at 1.0860, dynamic resistance level made up with crossing trendlines connecting maximum and closing levels from May-Aug 2016.
This test offers opportunity selling euro with the first target of 1.0770, the static level had stopped pair's growth back in Dec and Feb. Further support levels are
1.0690, intersection of lines connecting min levels from Mar-Dec 2015 and highs of Aug-Sep 2016;
1.0520, historic static level.
Today's daily candle close below 1.0860 would confirm the short signal. Break and close above the current barrier would open way for euro rebounding up to 1.1060-1.11 area.
This test offers opportunity selling euro with the first target of 1.0770, the static level had stopped pair's growth back in Dec and Feb. Further support levels are
1.0690, intersection of lines connecting min levels from Mar-Dec 2015 and highs of Aug-Sep 2016;
1.0520, historic static level.
Today's daily candle close below 1.0860 would confirm the short signal. Break and close above the current barrier would open way for euro rebounding up to 1.1060-1.11 area.
Trade active:
EURUSD has confirmed daily close below 1.0860.
Trade closed: target reached:
