18 Jun 2014
EURUSD trading around 1.3550/55 levels
Independent Analyst Harsh Japee suggests that EURUSD which is trading around 1.3550/55 levels, is looking to break higher.
Key quotes
"Note that the FOMC event risk lined up today could trigger the much awaited rally."
"Intraday resistance is seen at 1.3600/10 which should be taken out in the next leg up. Only a break below 1.3490/95 levels would delay matters further. The counter trend rally, if materializes could extend up to 1.3750/1.3800 levels."
"Support is seen at 1.3500(intermediary) followed by 1.3470 and lower, while resistance is at 1.3750/1.3800, followed by 1.3880 and higher up respectively."
"The wave structure indicates that EURUSD bulls should possibly stage an aggressive counter trend rally towards 1.3750/1.3800 levels. On the flip side, a break below 1.3490 would confirm that bears are here to stay."
Key quotes
"Note that the FOMC event risk lined up today could trigger the much awaited rally."
"Intraday resistance is seen at 1.3600/10 which should be taken out in the next leg up. Only a break below 1.3490/95 levels would delay matters further. The counter trend rally, if materializes could extend up to 1.3750/1.3800 levels."
"Support is seen at 1.3500(intermediary) followed by 1.3470 and lower, while resistance is at 1.3750/1.3800, followed by 1.3880 and higher up respectively."
"The wave structure indicates that EURUSD bulls should possibly stage an aggressive counter trend rally towards 1.3750/1.3800 levels. On the flip side, a break below 1.3490 would confirm that bears are here to stay."