MAYZUS Daily Technical Levels
EUR/USD - during the day there is a risk of a technical correction
Our turning point is the level of 1.39400
Our preference: Sell the EUR/USD below the level of 1.39400 with the key targets being: 1.38850, 1.38300 and 1.37800.
Alternative scenario: If the resistance level of 1.39400 is breached up with success, then the pair could rise to 1.39650, 1.40160 and 1.40475.
Analysis: The technical indicators point towards a weakening of the upward trend.
Please note that this information is an analytical review of Capital and FX markets. The material presented, and the information contained, is investment research and should in no way be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus, or any other form of personal advice, which relates to certain types of transactions, with certain types of financial instruments.