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Monday 10 May 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 retested Friday’s low at 1.2936 & bounced as hoped to the 1.2995/1.3005 target. If we make it any higher we run in to strong resistance at 1.3053. Exit longs & try shorts with stops above 1.3090 for an excellent selling opportunity at 1.3115/25.
Below 1.3000 risks a slide back to 1.2950/35. This level will not have the strength it had on pre-vious challenges in the last 2 sessions, so any longs here need stops below 1.2925 as a break tar-gets 1.2890/80.