EUR/USD: Holding Important Support At 1.0675/65 As Expected
Jason Sen | Jan 30, 2017 04:53AM ET
EUR/USD outlook positive as we hold important support at 1.0675/65 as expected. First resistance at 1.0730/35 is key to direction. Shorts need stops above 1.0750 with a break higher to retest 1.0770/74. However it is likely we will break higher this week for a short term buy signal targeting 1.0820/30 & perhaps as far as a selling opportunity at 1.0860/70.
Support at 1.0680/70 today. Longs need stops below need stops below 1.0650. Be ready to sell a break below here targeting 1.0610/00, 1.0570/60 & 1.0510/00 this week.
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