EURUSD held above 1.3310/00 & with daily charts becoming over sold we broke above1.3390/3400 to hit the next target of 1.3438 & topped out here. We have the momentum to continue higher today though & reach 1.3450/60 for selling opportunity with a top here expected.
We can exit longs here & try shorts with a stop above 1.3480 for the next target of 1.3510/20.
Good support today at 1.3388/78 if we drift lower so we can try longs here with a stop below 1.3350.
Long term levels
1.3711 2013 High
1.3520 Last week’s high
1.3532 200 Week Moving Average
1.3486 2012 High
1.3381/86 April 2012 High
1.3367 100 Week Moving Average
1.3306 Last week’s Low
1.3284 May 2012 High
1.3140 October 2012 high
1.3028 November High
The article was first published by DayTradeIdeas.com
Most Popular Slideshows
- Australia Bids Adieu to Adam Spencer's Mornings on ABC's "702 Breakfast" Show [PHOTOS]
- Top 10 Hottest Celebrities with Shocking Weight Loss (And Find Out Their Secrets!) [PHOTOS]
- Mars Curiosity Rover Photos: UFO Hunter Spots Strange 'Ruins,' 'Missile' [PHOTOS, VIDEO]
- Miranda Kerr Exposes Breasts to Crew, Wardrobe Malfunction 'Deliberate Accident?' [PHOTOS]