Currently EUR/USD is trading at 1.3181, the pair rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2626, further rise is expected later today, and next target would be at 1.3310 area also a breakdown below 1.3075 will suggest that a cycle top has been formed at 1.3234, then pullback towards 1.2810-1.2910 area could be seen.
The Support levels are at 1.2924, 1.2998, 13070 and the Resistance levels are at 1.3221, 1.3297, 1.3365.
What to look for:
Positions for the end of the day should be bullish in nature.
Currently EUR/USD is trading at 1.3181, the pair rebounded from 1.3077. The bounce would possibly be resumption of uptrend from 1.2626, further rise is expected later today, and next target would be at 1.3310 area also a breakdown below 1.3075 will suggest that a cycle top has been formed at 1.3234, then pullback towards 1.2810-1.2910 area could be seen.
The Support levels are at 1.2924, 1.2998, 13070 and the Resistance levels are at 1.3221, 1.3297, 1.3365.