Intraday technical analysis of EUR/USD
EURUSD held 1.2890/80 & Monday’s low at 1.2830 in the downtrend so the same levels apply for today. We run in to resistance today at 1.2890/80 but if we push through 1.2902 look for 1.2945. We can look for a top here & try selling short with a stop above 1.2970. Next resistance is at 1.3015/20 for trying shorts again. Support at 1.2845/30 but below here we could sink further to 1.2795 & then 1.2745/35. If prices were to continue lower we should test 1.2690/80 support.
Daily Technical forecasts US, Europe & Asia
Equity Index, Commodities, Forex & Fixed Income
The comment in this blog is the personal opinion of the contributors and not InterTrader.com. The content does not constitute financial, investment or tax advice. You are advised to discuss your specific requirements with an independent financial adviser prior to entering into any bet. InterTrader.com is not responsible and disclaims any and all liability for the content of comments written by contributors to the blog, and the content of any third party sites linked from this blog.