ACTIV8X

EurUsd: To continue the rally?

FX:EURUSD   Euro Fx/U.S. Dollar
113 0 0
The EurUsd             rallied for the 5th consecutive session, as bad news from America is driving the dollar down, which is being translated in a rally of the EurUsd             .

The Eurusd             have reached its 1.1477 objective. The parity will head to 1.15428, should the rally continue, the monthly trend having shifted to bullish , after breaking out 1.14307.

On a daily scale, the parity will have 1.14536 as a support, which breaching will send it back to 1.14307. The Bollinger bands are knitting, suggesting that today will be calmer than yesterday.

The daily Pivot Point is around 1.14459. The daily support levels are around 1.14039 and 1.13353. The daily resistance levels are around 1.55633 and 1.56519.
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