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DDMARKETS

EURUSD: Roadblock Ahead!

Short
Euro / U.S. Dollar (FX:EURUSD)  
DDMARKETS  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines EURUSD eurodollar forexsignals forexsignal forexsignalservice forextrading Forex forexstrategy forextradingsignals
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trendanalysis supportandresistance trendline eurusd eurodollar forexsignals forexsignal forexsignalservice forextrading forex forexstrategy forextradingsignals
EURUSD reached an hourly resistance as seen on the chart. Based on our technical projection the price is expected to re-test 1.1575 before correcting higher, possibly taking out the initial resistance (in blue).

Only a firm break (hourly close) above the initial resistance (in blue) ma pave the way for strong gains towards the latter resistance (in green).
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