EUR/USD is presently endeavoring the upside and hopes to test the fourteen day tops at 1.1285, as benefit taking proceeds in front of the key occasions later today. The ECB meeting will be the striking occasion in Euroland, where desires are tilted towards a to some degree timid message.
From a specialized point of view, the pair slowed down its ongoing positive move close 38.2% Fibonacci retracement dimension of the 1.1448-1.1184 late slide however has figured out how to hold simply above mid-1.1205s (23.6% Fibo. level), beneath which the fall could get reached out back towards the 1.1215-1.1205 support area. This is intently trailed by the 1.1180-75 area, bolster set apart by 61.8% Fibonacci retracement dimension of the 1.0341-1.2556 up-move, which whenever broken may turn the pair powerless against slide further towards testing sub-1.1105 level. The later speaks to diving pattern line support reaching out from August 2018 through low posted in Nov. 2018 and should go about as a key vital point for the pair’s close term direction.
On the other side, the 1.1285 area (38.2% Fibo. level) may keep on going about as a prompt obstacle, which whenever cleared can possibly lift the pair further past the 1.1300 round figure mark, and half Fibonacci retracement level, towards testing its next obstacle close to the 1.1325 supply zone. Supported quality past the referenced boundary may keep filling the recuperation energy, but any resulting up-move appears to be bound to stay topped at half year old diving pattern line obstruction, as of now close to the 1.1360-65 area.
PENDING ORDER BUY EUR/USD @ 1. 1273 SL: 1. 1258 TP1: 1.1288 TP2: 1.1303 TP3: 1.1318
PENDING ORDER SELL EUR/USD @ 1.1254 SL: 1.1269 TP1: 1.1239 TP2: 1.1224 TP3: 1.1209