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4/4/2016 3:02:55 AM

EURUSD ends the week with high volatility - Technical Analysis - 04-04-2016



EURUSD rose in the intraday levels, with high volatility in these last moves, after tumbling to lean on the pivotal support of 1.1340, lending it positive momentum that helped it bounce up and turning these losses into profits, with ongoing positive support from the SMA50, with the overall dominance of the main upward trend in the short term, while trading within an ascending price channel as shown in the attached chart.

Therefore we expect more gains to come for the stock, as long as the support of 1.1340, targeting the resistance of 1.1465.


Target
Risk


Support
Resistance


Trend Bullish

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