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Technical Analysis of EUR/USD

Technical Analysis of EUR/USD

03 May 2016

From Fxempire


EUR/USD pair


Technical Analysis of EUR/USD: The EUR/USD pair broke higher during the course of the day, clearing the 1.15 level. By doing so, this market looks like it’s ready to continue going higher and that the Euro is going to break out. We believe that pullbacks will be buying opportunities, on signs of support of course. We believe that the market is going to reach towards the 1.18 handle, as the area was previously so massively supportive on the longer-term. With no interest in selling, it appears of the Euro is going to continue to go much higher.

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