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EUR/USD Turned To The Upside

The EUR/USD is trading in the green and resumes the Friday’s bullish candle. The upside momentum is natural as the USDX is trading in the red and looks too heavy to be stopped at this moment. It is trading near the 1.1820 level and could hit fresh new high till the end of the day. The next upside target is at the 1.1846 previous high, could be attracted by the upper median line (uml) as well. Will resume the upward swing if will have enough energy to close above the 1.1909 previous high.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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