HomeContributorsTechnical AnalysisDaily Technical Analysis: EUR/USD Possibly Targeting 1.1150

Daily Technical Analysis: EUR/USD Possibly Targeting 1.1150

The EUR/USD is enjoying a positive momentum surge after French elections and generally good latest Eurozone data. At this point, I expect further gains in EUR/USD with buying into dips should the pair retrace. The POC (23.6, D L3, ATR low) 1.1045-60 could be used for fresh buyers but any momentum move above 1.1120 could target 1.1150. That means we would possibly see 1.1150 without a retracement to POC first. Any 4h close or h1 strong marubozu breakout above 1.1150 will open the doors to 1.1210.

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