Technical Analysis for EURO

Technical Analysis for EURO

The bearish attempts remained limited above the key support of the ascending channel and above Linear Regression Indicators. Therefore, the bullish possibility remains valid and trading above 1.3590 levels today will be positive and might trigger further bullishness in a new attempt to breach 1.3745 levels.

Breaking 1.3590 levels will trigger a negative signal on Stochastic, which could also fail our positive expectations especially that this break will take the pair to trade below Linear Regression Indicators again.

Support: 1.3655, 1.3625, 1.3590, 1.3550, 1.3520
Resistance: 1.3700, 1.3715, 1.3745, 1.3775, 1.3810

Recommendation Based on the above, buy the pair above 1.3655 targeting 1.3700, 1.3745 then 1.3810 and stop-loss below 1.3590