EURUSD Medium Term OUTLOOK - Bullish
We still hold our upward bias in
EURUSD after hitting our 2nd target level. Our main area to focus on is
1.2962-1.3000, 261.8% extension from 1.2042 – 1.2390 and a previous
area of support. Small pullback has been posted on overnight trading and
1.2724, Fridays Marabuzo is first support level today.
Forex trading on margin carries a high level of risk which can result in substantial losses in excess of your initial investment. Forex trading is not suitable for all investors so consider your objectives, financial condition & level of experience carefully & seek advice from a financial advisor if in any doubt.
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