EUR/USD, after -175 pips gap the euro is strongly bullish!

eur-usd 29.06.

I am following the pair since opening last night, but still can’t find concrete technical levels to write about. The opening was fantastic with more then 170 pips gap in favor of the US dollar, at 1.1000. The euro has find decent buyers 50 pips bellow the opening level, at 1.0950 and after that 1.1000/20 was resistance until Europe was open. Surprise or not, the Europe market had pushed the pair strongly up for 100 pips to 1.1111 high, after wich the pair has settle down at 1.1060/70 for now. That level looks like solid support for now. This is still not clear, it can’t be after the move like this one, but as you can see, the euro is strongly bullish which is surprise for most of the traders for sure. 1.1130/40 is not far and it could be tested. That level could be resistance, but who could tell anaything with sence today? Let’s see what is the next move here!?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s