Technical forecast for EUR/USD

EURUSD

EURUSD beat 1.3415/20 resistance to hit the next target at 1.3473. We did see a top exactly here as predicted but if we push higher today look for 1.3518, possibly 1.3564 to exit longs and sell in to shorts with a stop above 1.3580.

Support at 1.3420/15 but below here look for 1.3375 then the week’s low at 1.3325. We still have very good support at 1.3310/1.3290 and the chance of a low for the week if tested.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More