Monday, 29 July 2013

EURUSD Daily Technical Analysis

Daily Technical Analysis

EURUSD

The EURUSD had a bullish momentum last week topped at 1.3296. Price is still in a bullish phase testing a trend line resistance as you can see on my daily chart below located around 1.3330/50 which could be an important/key resistance at this phase. A clear break and daily close above that area could continue the bullish scenario testing 1.3400 or higher. Immediate support is seen around 1.3250. A clear break below that area could trigger further bearish pullback but as long as stays below 1.3170 the current bullish phase should remains valid.

IMOH, Clement I.
+234 802 905 9344
+234 703 569 1707

No comments:

Post a Comment