For the short term I consider EURUSD a little overbought. This is why over the european trading time I don’t expect very much upside. Still, over medium term (4h and daily) I see neutral condition and this is why over the NY session and maybe even early next week the upside tendency could continue.
I see first resistance near 1,3380 but this level could be reach today during NY session. Next resistance comes near 1,3410 and after that only 1,3485 is a possible level (both fibo and previous high).
To the downside I see support near 1,3270 and below that 1,3170 strong support level comes into play.
My opinion is that for the next 24 trading hours we will rather see 1,3380 and possibly 1,3410 than 1,3270.
For today I have 4 charts. See them all here: http://www.ktd.ro/en/fin/fx.php
I see first resistance near 1,3380 but this level could be reach today during NY session. Next resistance comes near 1,3410 and after that only 1,3485 is a possible level (both fibo and previous high).
To the downside I see support near 1,3270 and below that 1,3170 strong support level comes into play.
My opinion is that for the next 24 trading hours we will rather see 1,3380 and possibly 1,3410 than 1,3270.
For today I have 4 charts. See them all here: http://www.ktd.ro/en/fin/fx.php
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