EUR/USD Technical Analysis: aiming above 1.14 with 100 day SMA crossing

EUR/USD Technical Analysis: aiming above 1.14 with 100 day SMA crossing

4 June 2015, 10:11
Sergey Golubev
2
1 274

The Euro rebounded against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. A daily close above the 50% Fibonacci expansion at 1.1320 exposes the 61.8% level at 1.1439. Alternatively, a turn below the 38.2% Fib at 1.1202 opens the door for a challenge of the 1.1005-55 area (23.6% expansion, horizontal pivot).

ResistanceSupport
1.13201.1202
1.1439 1.1005 
1.1585 1.0818 


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