The EURUSD pair continues to move near 1.0750 level and still below it, while the exponential moving average 100 provides positive support to the price, to support the attempt to surpass the mentioned level to the upside and continue the bullish wave on the short term basis, as the next target is located at 1.0874.
It is important to know that pushing on 1.0673 then 1.0612 levels will turn the trend to the downside, signaling the stop of the current correctional bullish wave at 1.0750.
Support & Resistance:
Support 1.0673 1.0612 1.0550
Resistance 1.0750 1.0820 1.0874
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.
It is important to know that pushing on 1.0673 then 1.0612 levels will turn the trend to the downside, signaling the stop of the current correctional bullish wave at 1.0750.
Support & Resistance:
Support 1.0673 1.0612 1.0550
Resistance 1.0750 1.0820 1.0874
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.
