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EURUSD






5/6/2015 12:58:39 AM

EURUSD - Technical Analysis: Wednesday, 06/05/2015 04:58 GMT



The pair retested the breached neckline of the double bottom pattern at 1.1050, showing strong rise that supports continuing the bullish trend on the near term basis, and the chances are available to turn the main trend upwards.

The exponential moving averages 50 and 100 keep supporting the bullish wave from below, and stochastic heads upwards to reinforce the continuation of the expected bullish bias.


Target
Risk


Support
Resistance


Trend Bullish

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