FXHIGHWAY

 Breaking News


EURUSD






4/11/2016 2:53:18 AM

EURUSD returns higher - Technical Analysis - 11-04-2016



EURUSD returned higher in the intraday levels as the pair trades within an ascending price channel that limited its previous short-term movements as shown in the attached chart, with ongoing positive pressure from the SMA50, while settling above the pivotal support of 1.1340, which the pair leaned on recently, lending it positive momentum that helped it bounce higher.

Therefore we expect more gains to come for the stock, targeting the resistance of 1.1465, readying to attack it, provided the support of 1.1340 holds on.


Target
Risk


Support
Resistance


Trend Bullish

Logs

Advertisements