EUR-USD On Pace to Hit 1.2600 Level

in #money7 years ago

The EUR-USD currency pair is showing substantial support at the 1.2486 level and strong level of resistance at the 1.2537 area. So, based on the major uptrend bias, we are predicting that the pair should easily get passed the 1.2600 level before the week ends or early Sunday of next week. Therefore, hypothetically speaking, a good long position entry point to gobble up a few pips could be at the 1.2487 level above the support line of 1.2486. This is just our opinion, based on what we are seeing on the charts. Please do your own professional research.