EUR/USD targeting 1.3865

EUR/USD is looking to target 1.3865 level at the moment and this target is ideal for medium term traders. The medium term traders as well as the Intra-day traders will be currently interested in buying EUR/USD around 1.3635 level and in case the market takes a further dip below that level, the traders will look to buy again around 1.3520 level. The aggressive traders might choose to buy even above the 1.3635 level and then in case the market takes a dip, they might look to average out both position by buying again around 1.3520 level.

Looking at the moving averages in the weekly charts, it is currently above the short term moving average which is around 1.3520 level and is heading towards the long term moving average around 1.3865 level so basically this highlights the current two levels for long term traders to focus on. Looking at the daily charts, it is above the short term and medium term moving average and is now heading towards the long term moving average.

The RSI in daily charts is gradually moving towards 54 but still have more than enough space for EUR/USD to make a smooth move towards 1.3865 level and will not play much part in opposition the movement.

 

 

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