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Saturday 23 Jan 2021
FWP Network > Forexhound.com > Analysis > Forex Analysis > EURUSD > Technical forecast for EUR/USD
Technical forecast for EUR/USD
EURUSD · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast
EURUSD burst through major long term resistance at 1.3479/91 and the 200 week moving average at 1.3529 which was completely unexpected. The close above this level now opens the door to 1.3609/14 then 1.3653 and possibly 1.3690 above is achievable this week.
We are of course very over bought but this is being ignored. Any drift lower finds support at 1.3516 but below here we may see 1.3471 with strong support at 1.3448/435 likely to provide a floor if we fall this far.