The EURUSD pair succeeded to reach the second target at 1.0750, this level represents 76.4% Fibonacci retracement for the last decline from 1.0874 to 1.0350, thus, surpassing this level will lead the price to head to the mentioned top at 1.0874.
The positive support of the exponential moving average 100 continues, and settling above 1.0612 remains important condition to continue the bullish trend in the coming period.
Support & Resistance:
Support 1.0673 1.0612 1.0550
Resistance 1.0750 1.0820 1.0873
Recommendation EURUSD is positive above 1.0673, targets at 1.0750 then 1.0820, risk limit below 1.0612.
Reverse scenario Euro will be negative in case breaking 1.0612, targets at 1.0550 then 1.0473, while risk limit above 1.0673.
The positive support of the exponential moving average 100 continues, and settling above 1.0612 remains important condition to continue the bullish trend in the coming period.
Support & Resistance:
Support 1.0673 1.0612 1.0550
Resistance 1.0750 1.0820 1.0873
Recommendation EURUSD is positive above 1.0673, targets at 1.0750 then 1.0820, risk limit below 1.0612.
Reverse scenario Euro will be negative in case breaking 1.0612, targets at 1.0550 then 1.0473, while risk limit above 1.0673.
