Monday, June 9, 2014

eur/usd weekly doing U tearn

 EUR remains to the upside following a reversal of almost all of its gains to close marginally higher last week, the risk is for gains to occur in the new week. If this continues, expect further upside
towards the 1.3700 point where a break will aim at the 1.3774 point. A break will set the stage for a run at the 1.3839 point. Further, resistance resides at the 1.3905 point and 1.3900 point. other way, support lies at the 1.3685 point, its 2014 'May' low. A breach of here will resume its broader downtrend and aim at the 1.3600 point. Further down, support stands at the 1.3550 point where a violation will target the 1.3500 point.
finally,eur/usd remains upside in short time,then breakout first support level,so next target 2nd support level.

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