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EURUSD: Bullish, Remains On The Offensive

EURUSD: The pair has triggered a strong rally on recovery higher on Wednesday. This development has left EURUSD targeting further bullishness. On the downside, support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.8000 level. Conversely, on the upside, resistance comes in at 1.1000 level with a cut through here opening the door for more upside towards the 1.1050 level. Further up, resistance lies at the 1.1100 level where a break will expose the 1.1150 level. Its daily RSI is bullish and pointing higher suggesting further upside. All in all, EURUSD faces further recovery threats in the days ahead.
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By FXTechstrategy.com

 

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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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