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EUR/USD Intraday technical analysis

EURUSD revisited 1.3115 to exit longs & try shorts with a stop above 1.3140. This is working so far with a high at 1.3138 & we look for a test of 1.3046. This is good support & we may see no
further weakness today but a move below 1.3030 could keep the pressure on for 1.2988/74. We can exit shorts here & try longs with a stop below 1.2935 for 1.2896. Resistance is in the 1.3122/38 area & a break higher looks unlikely but if seen would then target 1.3162, possibly 1.3228.

Jason Sen
Daily Technical forecasts US, Europe & Asia
Equity Index, Commodities, Forex & Fixed Income
daytradeideas.com
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