Euro Forecast: EUR/USD Surges Towards Resistance- Bulls Eye 1.20
2021-04-14 20:00:00
Michael Boutros,
Strategist
Euro Technical Price Outlook: EUR/USD Weekly Trade Levels
Euro updated technical trade levels & sentiment – Weekly Chart
EUR/USD rally approaching confluent technical resistance- bulls vulnerable
Key resistance / broader bearish invalidation 1.2103 – Weekly support at 1.1760
Advertisement
Euro is up more than 0.7% against the US Dollar this week as EUR/USD attempts to build on the April-open rally. An advance of more than 2.4% off the yearly low now eyes key weekly resistance objectives just higher and we’re looking for possible price inflection into this region in the days ahead. These are the updated targets and invalidation levels that matter on the EUR/USD weekly price chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Euro technical setup and more.