Wednesday 6 May 2015

EUR/USD Is Headed For 1.1700 – 1.1800




EUR/USD moved to the downside, but that drop was very short-lived because the pair could not break below the support at 1.1060 and rallied again, breaking above the resistance at 1.1230 with relative ease. I think correction will continue for the foreseeable future and the pair will likely reach target 1.1700, perhaps even 1.1800. It is also quite possible for it to continue climbing until it reaches the resistance at 1.2000. Either way, I have opened new long positions and I intend to keep them that way for the moment.
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6 comments:

  1. Unknown6 May 2015 at 10:33

    Very good analysis and share you opinion!

    ReplyDelete
  2. Unknown6 May 2015 at 10:34

    Very good analysis and share you opinion!

    ReplyDelete
  3. Unknown6 May 2015 at 16:24

    1.1400 here we come.

    ReplyDelete
  4. Unknown6 May 2015 at 21:29

    nice bullish bounce.

    ReplyDelete
  5. Anonymous7 May 2015 at 02:24

    Looks like it will keep pushing higher.

    ReplyDelete
  6. Unknown7 May 2015 at 15:22

    Currently consolidating around 1.1260 level.

    ReplyDelete

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