Friday, March 18, 2016

Forex - Chart EUR/USD Update: EUR out of gas today, but still poised for more upside in week ahead

17::50 GMT - EUR/USD is not quite o/b on the daily chart and still has break potential up to the 1.1375 target noted in our prior Update. Clearly, EUR is out of gas today, but does still hold above the required support for now. 1st minor support stands at 1.1255 and looking ahead to the new week, 1.1215 has got to hold downside or else the bears will take over. R.Z

R5: 1.1560 26 Aug high
R4: 1.1495 ** 15 Oct high
R3: 1.1400 figure
R2: 1.1375 ** 11 Feb high
R1: 1.1342 17 Mar high
S1: 1.1255 15 Feb high
S2: 1.1215 * 10 Mar high
S3: 1.1125 15 Mar high
S4: 1.1035 * 09 Mar high
S5: 1.0820 ** 10 Mar low

Forex - Chart EUR/USD Update: EUR out of gas today, but still poised for more upside in week ahead Rating: 4.5 Posted by: Unknown

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