EUR/USD

May 25, 2017

EUR/USD:

This market has been moving steadily in the direction of the bears with respect to it's AB boundary, toward the D extension. This currency has reacted very bullishly to the French election process, and should be preparing for a retracement. The USDOLLAR appears poised for a RALLY. Expect USD BASE CURRENCIES to RALLY and USD QUOTE currencies to DIP as the USDOLLAR APPRECIATES, 

BEARISH

Daily Trading Range: 67

Daily Support and Resistance

Resistance 3:1.1330
Resistance 2:1.1300
Resistance 1:1.1020
Current Price1.3750
Support 1:1.0840
Support 2:1.0680
Support 3:1.0600

Daily Chart

Daily Chart

Two Hour Chart

Two Hour Chart