[Forex1 | Euro vs US Dollar] We believe that possible bullishness could be seen during this trading session. Support is at (1.3516). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish.Try to buy on depth with a stop loss below (1.3516).
[Forex1 | Euro vs US Dollar] We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.3549) zones. A proper confirmation would occur if the EURUSD will manage to overcome the (1.3612) resistance.Look for long positions for current trading session.
[Forex1 | Euro vs US Dollar] We expect a bullish overall direction for today. That requires the base to build on (1.3578); targeting (1.3649) then (1.3681). A break under (1.3549) support area will extend losses to (1.3462).Long positions are favored for today.
[Forex1 | Euro vs US Dollar] EURUSD general trend is to the upside. Break below (1.3480) may trigger further fall of the EURUSD. Going above nearest support level at (1.3637), however, would confirm continuation of the bullish trend, towards next objective upwards (1.3718).Long positions are favored for today.
[Forex1 | Euro vs US Dollar] We prefer upside scenario at this phase. Since bias is bullish in nearest term targeting (1.3693). Another move back below (1.3480) could lead us to neutral zone.We will try to buy EURUSD from our mentioned support levels.
[Forex1 | Euro vs US Dollar] We see high chances of the pair move up gradually towards (1.3592 – 1.3629). A proper confirmation would occur if the EURUSD will manage to overcome the (1.3560) resistance over today`s trading session.Try to buy on depth with a stop loss below (1.3480).
[Forex1 | Euro vs US Dollar] The outlook has grown increasingly bullish since EURUSD had remained above its latest swing low at (1.3452). If this support level is broken to the downside, the outlook will deteriorate.Buy on depth for today with a stop loss below (1.3452).
[Forex1 | Euro vs US Dollar] Overall the direction remains unclear. EURUSD might close below (1.3389). If seen this will call for more declines to the (1.3330) level. Further down, support is located at (1.3276). Alternatively, above the (1.3588) level it will to be traded to resume its medium term uptrend towards its important resistance at (1.3682).We need to keep a closer look on how prices would behave on today`s trading session.
[Forex1 | Euro vs US Dollar] We may see the instrument move in the range of (1.3588 – 1.3405) in today`s trading session. We need to see a close above (1.3588) or below (1.3405).We prefer to wait for break of upper or lower barrier.
[Forex1 | Euro vs US Dollar] Strength in EURUSD is likely to continue. We see a less chances of an immediate fall on the instrument for short-term technical outlook. Next upside barriers follow (1.3599) at (1.3633) and (1.3689).We will be looking to buy EURUSD upon any price retracement.