EUR/USD moved under 1.1450 resistance level, this pair seems to be ready for another short term uptrend.
I am expecting EUR/USD to test the next resistance around 1.1740, This might be fast and the pair should move in choppy way within this range (1.0915 – 1.1740) again.
As I mentioned before EUR/USD still has strong support at 1.0459 and it tested it once, I am still expecting another test to this support level.
The EUR/USD has the following major resistance and support levels:
- RESISTANCE: 1.1740
- SUPPORT: 1.0459
Breaking these levels in any direction will take us higher or lower.
My Daily SELL advice (30 pips stop-loss applied):
- Buy at: 1.1350 – Take Profit 1.1550 (200 pips profits)
- Buy at: 1.1250 – Take Profit 1.1450 (200 pips profits)
- Buy at: 1.0940 – Take Profit 1.1040 (100 pips profits)
This signal is valid during trading week: 25th to 29th May, 2015