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EURUSD Midterm Technical Overview and Targets

EURUSD Midterm Technical Overview and Targets

EURUSD reached our shortterm target at 1.13500.

You can read our latest weekly forecast: EURUSD Forecast

As we have been writing last three months, the pair’s ultimate target resides at 1.12000 – 1.11000 region midterm.

1.13500 support is the intraday key level and breakout of the support would lead the price 1.13100 and 1.12500.

At 1.12500,  we have deep crab pattern – would be published for the members – which can be used for a potential minor correction.

Shorter term resistance is 1.14300 and bearish pressure will remain as long as the pair makes H4 closings below 1.14300.

Our ultimate target is 1.11500.

Traders who want to add short need to wait for the breakout of 1.13500, targeting 1.13100 and 1.12500.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURUSD:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

 

 

 

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