Technical Analysis for EURO

Technical Analysis for EURO

The pair remained stable below 1.3745 yesterday weakening positivity and leavign the pair affected by the negative signals showing on Stochastic and RSI. But stability above 1.3680 forces us to hold on to our positive expectations, whereas stabilizing above the referred to level keeps the possibility of a bullish rush and an attempt to touch levels around 1.3810.

Breaking 1.3660 levels weakens the bullish possibility while breaking 1.3620 triggers a bearish wave.

Support: 1.3700, 1.3680, 1.3660, 1.3620, 1.3590
Resistance: 1.3745, 1.3775, 1.3810, 1.3580, 1.3895

Recommendation Based on the above, buy the pair above 1.3720 targeting 1.3775, 1.3810 then 1.3895 and stop-loss below 1.3660