Midday Update of EUR / USD 29-06-2017
The EUR / USD pair is now attempting to breach the 1.1418 level, which supports our continued bullish outlook for the coming period, awaiting confirmation of the breach towards our main targets at 1.1565 and 1.1615.
Therefore, the positive scenario will remain valid for the day supported by the SMA 50, with the reminder that stability above 1.1282 represents the first protection factor for the continuation of the positive outlook, as breaking this level will pressure the price to test the areas of 1.1180 before any new attempt to rise.
The trading range for today is expected between 1.1360 and 1.1565
The general trend for today is bullish
Thanks for you EUR / USD analysis man.
Very good observation of the main targets IF, and that is big if if you aks me... €/$ breaks the cross support at 1.1418 level (as you pointed out) and backtests it from above. The Trend has not been tested in over a year, so i expect a huuuuuge resistance at this level.
I like you Post an i am following you now. Happy Trading
Hi ohamdache, thank you for your analysis.
I think your analysis is correct. The target for the EURUSD is 1.565-1.570. It could go higher and it depends on how quick it goes.
If it goes too quick take your gain.
Keep your position if it is in gain. Do not enter now if you are out; in this case it is better to wait.