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EUR/USD Still Aims Higher

EUR/USD Still Aims Higher

EURUSD still aims higher for 1.3505/02 targets

  • An inside pattern pause Wednesday, above minor support at 1.3315/10 maintains the threat for a more positive tone this week after the bullish outside pattern last Thursday.
  • This push above failure peaks at 1.3416/34 reinforces the recent rebound from ahead of supports down at 1.3190/65 and prior rally through the 1.3345 peak.
  • The threat into latter August (next week) is to retrace/ chart targets 1.3505/20.
  • Overshoot risk now to 1.3600 and maybe closer to the 1.3711 cycle high.

WHAT CHANGES THIS?

  • Below 1.3205 signals a neutral tone, only shifting negative below 1.3165.

Please see latest audio-visual analysis here:

Daily EURUSD

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