MARKET ANALYSIS - Intraday Analysis EUR/US Upwards scenario: - TopicsExpress

MARKET ANALYSIS - Intraday Analysis EUR/US Upwards scenario: Market sentiment has improved for the bearish oriented traders though upwards penetration is possible. Fractals level at 1.3537 (R1) offers a key resistance level. Break here would suggest higher targets at 1.3558 (R2) and 1.3579 (R3). Downwards scenario: Our technical outlook would turn into negative side below the support level at 1.3501 (S1). Possible price depreciation would then be targeting support at 1.3481 (S2) en route to final target at 1.3462 (S3). Resistance Levels: 1.3537, 1.3558, 1.3579 Support Levels: 1.3501, 1.3481, 1.3462

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