EUR/USD Technical Analysis

(1,3600) The EUR/DOLL confirmed a positive closing forming even a positive outside day with now 1,3620 – 1,3495 the levels to follow in the coming hours. A daily closing above 1,3620 will support a direct extension toward the 1,3711 February top!! We have still an open gap up in Europe of about 80 pips. The indicators of the daily chart are still well positive and this morning also those of the s/t ones are above the line supporting further strength. Fresh divergences still confirm a positive tone. The break above 1,36 de confirmed the positive reversal in the hourly chart suggesting a target now at 1,3735!! We prefer remaining short.

Read the full report: EURUSD 10.03

 

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