EURUSD CONTINUED UPSIDE EXPECTED
We have been relatively quiet on the EUR as we expected further downside to come out of the cross pairs involving the currency.
We have been anticipating a relief to the USD however which is aiding to the current bid on the EURUSD.
Technically we can see that the 4hr timeframe has formed a higher high and looks to be heading to the key resistance at 1.1540.
Applying Fibs we can see the current candle high shows the 61.8 fib sits back at the structure support of 1.1444 and would be a likely area
to look for a long opportunity.
We have been anticipating a relief to the USD however which is aiding to the current bid on the EURUSD.
Technically we can see that the 4hr timeframe has formed a higher high and looks to be heading to the key resistance at 1.1540.
Applying Fibs we can see the current candle high shows the 61.8 fib sits back at the structure support of 1.1444 and would be a likely area
to look for a long opportunity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.