Eur/Usd: Trade Update

9:30 Est.

Casey Stubbs-Winners Edge Trading

The Euro has been been moving sideways of late – we will see if the pair moves back to challenge the earlier highs set.

Here are the daily resistance and support levels.

Sup 2 – 1.3113

Sup 1 – 1.3174

Spot – 1.3245

Res 1 – 1.3343

Res 2 – 1.3592

Check the lower trend line on the chart. If that gets broken to the downside we could see more dollar gains. If there is a bounce off of the trend line we could see more eur gains up to 1.3700 area or higher.

240 min chart:

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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