EUR/USD Bullish || Target - 1.33

EUR/USD Bullish || Target - 1.33

7 August 2015, 22:28
forexintel
0
131

Looking at the Weekly Chart for EUR/USD, the following points indicate a reversal, low ZZ at a key fibo level, double bottom, yellow locked above black with price below, price below the opening price of the year, month and week. All these factors indicate the strong potential of a bullish trend to 1.33. A good possibility for the price to retrace to 1.09 before moving up. Could be a good opportunity to enter a BUY at that price level.

 

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