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EUR/USD Aiming Higher This Week

BySteve Miley
Published 06/17/2013, 04:04 AM
Updated 12/12/2023, 05:55 AM
EUR/USD aiming higher this week to 1.3505/20 targets
  • A resilient, inside pattern pause Monday after a grind higher through last week as we restate our view “we still see upside risk through mid-month to the area defined by the 78.6% retrace of the Q1 sell off and chart high at 1.3505/20”.
  • The re-energizing of bullish pressures last week from modest support at 1.3178/75 through interim chart and retrace resistance factors at 1.3318 and 1.3350 favours further gains this week.

We see a minor target early this week at the 1.3434 failure peak and aim for 1.3505/20 this month.

WHAT CHANGES THIS?

Below 1.3175 eases bull risks; through 1.3040 signals a more neutral tone, only shifting negative below 1.2950/40.

EUR/USD

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