For: (Daily)

EUR/USD

The EUR/USD saw momentum Monday and hit 1.1262 early Tuesday.

The bias is Bullish near term testing 1.1300.

1st support is seen at 1.1200. A clear break below that mark could push the price Neutral testing 1.1130.

On the H4 chart below see that the price is still moving inside a triangle formation suggesting consolidation.

EUR  price is moving inside a Bullish corrective channel and the lower line of the Bullish channel remains a good place to buy with a tight stop loss below the channel marker.

Potential daily range Tuesday is between 1.1130 – 1.1300.

The technical outlook is still Neutral, stand aside in here.

 

Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technical trader

Stay tuned…

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