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Good day forex traders and koalas.
In the previous EUR/USD forecast we noted that the resistance of 1.36 was hit and if bullish momentum continued we might see 1.38. Economic data for the Euro Zone was generally positive, adding to the risk on sentiments.
Technical Analysis
Looking at the EUR/USD daily chart above we note that the bullish momentum stopped. The currency pair reached its peak at 1.36++ and dipped hard from immerse bearish pressure. The immediate support will be the previous consolidation region of 1.3320. As usual monitor the EUR/USD at the start of the new trading week.
Don’t miss the fundamental analysis
continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.
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