4xtrader414

EUR/USD is moving to the downside since morning, although we still see a bullish technical pattern being formed where the pair is building the right shoulder for this pattern. The neckline is the highlighted pivotal resistance level from this morning around 1.3425. RSI is negatively pressuring the pair and Stochastic is giving off bullish signs, and accordingly we hold onto our weekly expectations. It is vital that stability remains above 1.3156 for the expectations to remain valid. The trading range for this week is among the key support at 1.3165 and the key resistance at 1.3715. The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at 1.5135. Support 1.3260 1.3185 1.3125 1.3080 1.3035 Resistance 1.3325 1.3365 1.3425 1.3460 1.3500 (Moderator: Promotional URL removed...sorry)