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: