The EURUSD pair closed above the 1.0200 level on Friday, and is attempting to move through it today with a bullish bias. This encourages us to suggest a bullish movement for the upcoming sessions with a first positive station target of 1.02840. Major support is also mentioned on the chart with the blue line, which is 1.01484 based on Fib levels.
The MACD line is about to break the signal line and the MACD bars has already turned to light red. The chart clearly shows that a cup and handle bullish pattern has already developed, which can confirm all other positive signals.
• There is resistance at 1.02188, followed by resistance at 1.02840 and 1.03546.
• There is support at 1.01484. Below, there is 1.01238 and 1.00722.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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