Looking To Long around 1.1140 with Stop below 1.1130(May 11th. Low) with Targets 1.1210- 1.1225- 1.1240( This also are short opportunities for target 1.1080 38% fib 1.0460- 1.1465) see my previous chart May 15th.
EUR/USD breaks major resistance 1.1390, jump till 1.1530 cannot be ruled out
EUR/USD has broken major support 1.1390 and this confirms short term trend reversal, a jump till 1.1530 cannot be ruled out.
Intraday minor support is around 1.1385 (resistance turned into support) and any break below will drag the ...
Short 1.1275 Stop 1.1290 Target 1.1160. I do not belive 1.1288 (last friday NFP's high) to be broken before tomorrow US Retail Sales(if they are worst then expected, then yes we can see retest in 1.1400 area). Good luck to all.
Details here: tradingviews.weebly.com
I'm looking for a test in the resistance zone (1.1260- 1.1290) since this zone was support for EURUSD for over a month (26.1- 26.2) Now this should act as a resistance. My Idea is to sell at 1.1285 stop above 1.1300 with target 1.1080 and 1.1000
Today EURUSD is likely to consolidate between 1.0750- 1.0845 waiting German IFO and US Durable Goods for further direction. Posible worst than expected Durable Goods will brake 1.0850 with target 1.0910-25. Better than expected will target 1.0700 support.