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EUR/USD Weekly Outlook

EUR/USD Weekly Outlook

EUR/USD Daily” title=”EUR/USD Daily” width=”719″ height=”535″ src=”https://d1-invdn-com.akamaized.net/content/picc52e932d82f3698231d1f4bab782f713.gif” />EUR/USD: 1.3538Short-Term Trend: UptrendOutlook: An EUR pulled back towards the 21-day moving average (the red line on the chart) last week and bounced from it. That keeps the Short-Term uptrend strong and further gains toward 1.3720, and eventually toward 1.4045, are expected. The daily oscillators are mostly neutral at this stage, but during a strong uptrend that only supports the bullish case.On the downside, only below last week’s low at 1.3486 will negate and will risk a larger pullback toward 1.3410.Strategy: Holding long from 1.3350 is favored. Stop=1.3460. Target=1.3950.

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