EURUSD - Weekly outlook
Dip buying in front of 1.0900 (Stop at 1.0820)
Continued upward momentum from 1.0825 resulted in the pair posting net daily gains yesterday.
Bullish momentum continues to dominate and the upward move is expected to continue.
Trading above the Ichimoku cloud.
Continued dollar weakness looks set to continue.
Targeting a move to 1.0995, then 1.1080
Resistance: 1.1000 / 1.1080 / 1.1250
Support: 1.0830 / 1.0750 / 1.0580
Dip buying in front of 1.0900 (Stop at 1.0820)
Continued upward momentum from 1.0825 resulted in the pair posting net daily gains yesterday.
Bullish momentum continues to dominate and the upward move is expected to continue.
Trading above the Ichimoku cloud.
Continued dollar weakness looks set to continue.
Targeting a move to 1.0995, then 1.1080
Resistance: 1.1000 / 1.1080 / 1.1250
Support: 1.0830 / 1.0750 / 1.0580
Trade active:
1st target has been reached and looking to continue to target 1.1080
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