eurusd price action forecast technical analysis

eurusd price move by  technical view

EUR/USD closed the last week above the 1.1440 as highest was 1.1466. The trend suggest that the rebound from 1.0461 can continue more high . Initial bias remains on the upside this week and further rise should be seen to 38.2% retracement of 1.3993 to 1.0461 at 1.1810. On the downside, break of 1.09 support is needed to confirm near term reversal.

We start 2015 year from 1.1680 after we saw break down the major support at 1.21-1.23 areas last December 

the big picture, price move viewed looks as a corrective pattern.
 outlook still stay bearish levels to watch : 1.1530 ,1.1650 1.1730 in the upside           1.1070,1.09 in the downside

eurusd

eurusd

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice