EURUSD At Support

Yesterday’s triangle on EURUSD played nicely, after the pair retested one more time the support zone it moved slowly higher and got very close to the 1.3000 resistance. In today’s Asian session we’re seeing EURUSD approaching once again the base at 1.2730, a new rejection from these levels(it’ll be the 5th in the past couple of days) will certainly reinforce the support and we can expect to move higher taking out the 1.3000 level as bulls will gain a lot more confidence.

Yesterday’s triangle on EURUSD played nicely, after the pair retested one more time the support zone it moved slowly higher and got very close to the 1.3000 resistance. In today’s Asian session we’re seeing EURUSD approaching once again the base at 1.2730, a new rejection from these levels(it’ll be the 5th in the past couple of days) will certainly reinforce the support and we can expect to move higher taking out the 1.3000 level as bulls will gain a lot more confidence. Conversely breaking below 1.2700 will open up 1.2500 as a bearish target.

 

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