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4/6/2016 3:14:51 AM

EURUSD seeks a bottom to bounce it higher - Technical Analysis - 06-04-2016



EURUSD fell in the intraday levels, as it tries to gather positive momentum to help it rise again, seeking a bottom to buoy it higher, with the dominance of the main upward short-term trading, while moving within an ascending price channel, with ongoing positive pressure from the SMA50, as the stock settles above the pivotal support of 1.1340.

Therefore we expect the pair to rise in the coming trading, targeting the resistance of 1.1465, provided the support of 1.1340 holds on.


Target
Risk


Support
Resistance


Trend Bullish

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