Trade77; EURUSD Technical Update 7pm


Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

EUR/USD has finally broken the daily trendline and now it’s puking out and almost reached the previous low at 1.2968.
After breaking of this level I really expect it to reach the next trendline in the way to the downside which shows around 1.2880 as a possible support area.

And after that trendline 1.2670 would be the next level to watch.
Also have to mention that USD Index is near to reach 200sma on daily chart and I expect a possible bounce at around 81.50 price level.
Anyone who likes to short EURUSD, the best entry point would be retest of broken trendline which shows 1.3120 is the best point to re-short this pair.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.

Regards

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