Technical Analysis for EURO
The EURUSD moved to the upside and the bullish continuation formation shown on graph succeeded in pushing the pair higher to return within the ascending channel on graph. The pair now must provide a daily closing above 1.3810 to confirm the start of a new bullish wave.
Linear Regression Indicators and MACD are both positive, however Stochastic is trading in overbought areas. Trading must hold above 1.3680 to keep the bullish bias intact.
Support: 1.3745, 1.3715, 1.3700, 1.3685, 1.3665
Resistance: 1.3775, 1.3810, 1.3850, 1.3895, 1.3945
Recommendation Based on the above, buy the pair above 1.3750 targeting 1.3800, 1.3850 then 1.3900 and stop-loss below 1.3680