As you can see at the attached EUR/USD weekly chart – the EUR/USD is creating a huge W shape with a long term target at around 1.6 (previous record).
Its major support level is at around 1.46
At the moment – this currency pair has found a resistance at the 09/2008 high of 1.485
Going up above this level will accelerate the Bullish momentum and will set the short term target for the EUR/USD at around the 1.52 level.
Its major support level is at around 1.46
At the moment – this currency pair has found a resistance at the 09/2008 high of 1.485
Going up above this level will accelerate the Bullish momentum and will set the short term target for the EUR/USD at around the 1.52 level.
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