EUR/USD Chart Levels: Support 1.3750..1.3600..1.35. Resistance 1.3850..1.4000..1.4275.
Strategy | Entry | Stop | T1 | T2 |
Intraday: Long | 1.3597 | 1.3540 | 1.3890 | 1.4000 |
Weekly: short | 1.4275 + add 1.4400 | 1.4490 | 1.3800 | 1.3500 |
The euro is rising, though remaining within the medium-term upward correction. Bollinger bands on the daily chart indicate bullish momentum with closest targets at 1.3890 and 1.4000. Selling pressure eased. In this context, it may be tempting to buy euro at the current bottom with a close stop.