11 Jul 2014
EUR could reach 1.3700 in the next 10 days
FXStreet (Łódź) - Independent Analyst Vladimir Mihaylov points out that EUR is consolidating again ahead of Daily Senkou Span A price.
Key quotes
"But as long as the price is below 1.3640 the pair is quite vulnerable to a sudden drop to 1.3540-50 for example."
"However this will be only a temporary weakness. And the consolidation outlook won't be changed even if the price drops to 1.3500."
"I think that the EUR will try to enter the negative Daily Ichimoku in the next 10 days and this means reaching 1.3700."
"Once above 1.3700, the final resistance will be 1.3750, and if we have a Weekly close above that last this will confirm the upside reversal."
"Currently H1 and H4 are turning bullish, but Daily indicators give no information."
Key quotes
"But as long as the price is below 1.3640 the pair is quite vulnerable to a sudden drop to 1.3540-50 for example."
"However this will be only a temporary weakness. And the consolidation outlook won't be changed even if the price drops to 1.3500."
"I think that the EUR will try to enter the negative Daily Ichimoku in the next 10 days and this means reaching 1.3700."
"Once above 1.3700, the final resistance will be 1.3750, and if we have a Weekly close above that last this will confirm the upside reversal."
"Currently H1 and H4 are turning bullish, but Daily indicators give no information."