We are still awaiting a break above minor resistance at 138.68 to confirm continuation higher to 141.06 and 144.03. In the short term, minor support at 136.08 will ideally protect the downside for a break above 138.68, but only a break below support at 133.07 will question the uptrend from 126.05.
In the long term, we continue to look for a rally above a high of 149.55 hit in December 2014.
Trading recommendation:
We will only buy EUR upon a break above 138.68.
The material has been provided by InstaForex Company – www.instaforex.com
Technical summary:
We are still awaiting a break above minor resistance at 138.68 to confirm continuation higher to 141.06 and 144.03. In the short term, minor support at 136.08 will ideally protect the downside for a break above 138.68, but only a break below support at 133.07 will question the uptrend from 126.05.
In the long term, we continue to look for a rally above a high of 149.55 hit in December 2014.
Trading recommendation:
We will only buy EUR upon a break above 138.68.
The material has been provided by InstaForex Company – www.instaforex.com
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