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EURUSD: Can We See 1.14500?


Daily Time Frame: Starting on the higher time frame we can see that price is reacting to 1.13500 key weekly psychological resistance and now testing in the middle of 1.12250 and 1.13500. If price manages to stay below 1.13500, then anticipate short term pullbacks to 1.12250 or even 1.11500 for potential long-term buys to 1.14500. However, if price manages to close back above 1.13500, then look for longs to 1.14500. Due to the uncertainty of market fluidity, risk management is highly recommended.

 

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