EURUSD: Weekly Outlook Negative, May Target 1.3710/3690

Published 12/17/2013, 06:40 AM
Updated 05/14/2017, 06:45 AM

EURUSD hit our selling opportunity at 1.3760/70 but then pushed above 1.3790 to 1.3798, below our next selling opportunity at 1.3810/20. Above 1.3780 today we may reach the 1.3810/20 area for a selling opportunity with stops above 1.3840.

Immediate support is 1.3745/40 & could hold the downside. Longs need stops below 1.3725 for 1.3710/00. This should hold the downside but use stops below 1.3670.
EURUSD
Weekly outlook is negative & should target 1.3710/3690. Below here look for 1.3615/10, perhaps 1.3580/75 for a buying opportunity. Strong resistance at 1.3810/30 for a selling opportunity.

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