eurusd price move by technical view
EUR/USD closed the last week above the 1.1440 as highest was 1.1466. The trend suggest that the rebound from 1.0461 can continue more high . Initial bias remains on the upside this week and further rise should be seen to 38.2% retracement of 1.3993 to 1.0461 at 1.1810. On the downside, break of 1.09 support is needed to confirm near term reversal.
We start 2015 year from 1.1680 after we saw break down the major support at 1.21-1.23 areas last December
the big picture, price move viewed looks as a corrective pattern.
outlook still stay bearish levels to watch : 1.1530 ,1.1650 1.1730 in the upside 1.1070,1.09 in the downside
outlook still stay bearish levels to watch : 1.1530 ,1.1650 1.1730 in the upside 1.1070,1.09 in the downside
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