EUR/USD: Bullish But With Caution
FXTechstrategy Team | Apr 03, 2016 08:26AM ET
EUR/USD: Although EUR/USD remains biased to the upside, we envisage a move lower on correction in the new week. Support lies at the 1.1300 level. Further down, support lies at the 1.1250 level where a violation will aim at the 1.1200 level. A break of here will aim at the 1.1150 level. Conversely, on the upside, resistance comes in at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further up, resistance lies at the 1.1550 level where a break will expose the 1.1600 level. All in all, EUR/USD remains biased to the upside short term but may see a pullback in the new week.
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