EUR/USD Key Level

15 Nis 2017

EURUSD
Buyers seem a bit weak compared to the sellers here. Upward channel might continue with another wave up to an important level – daily resistance area at the 1.09 region. A break of that level could mean potential upside. That is quite some time from now so will talk when it gets there. If a flag forms along the supporting trend line of the channel (or any show of a lack of buyers) there is a possibility that the channel might break. Shorts could be placed at the break of the consolidation structure with targets towards the lows at the 1.04 region.