29 Apr 2015
EUR/USD might see a fresh attempt for 1.1036 – AceTrader
FXStreet (Barcelona) - The AceTrader Team shares the technical outlook and key upside & downside levels for EUR/USD, expecting consolidation before the pair tests 1.1036.
Key Quotes
“Euro's rally above Monday's high of 1.0927 to a fresh 3-week peak at 1.0991 in New York signals up move from April's bottom at 1.0521 remains in force and further gain to daily chart resistance at 1.1036 would be seen after consolidation, however, reckon upper level of early broad range of 1.0457-1.1062 would hold on first testing and bring retreat later.”
“On the downside, only a daily close below 1.0927 would suggest a top is made and bring correction towards 1.0860 before prospect of a rebound.”
Key Quotes
“Euro's rally above Monday's high of 1.0927 to a fresh 3-week peak at 1.0991 in New York signals up move from April's bottom at 1.0521 remains in force and further gain to daily chart resistance at 1.1036 would be seen after consolidation, however, reckon upper level of early broad range of 1.0457-1.1062 would hold on first testing and bring retreat later.”
“On the downside, only a daily close below 1.0927 would suggest a top is made and bring correction towards 1.0860 before prospect of a rebound.”