EUR/USD might bounce from 1.0850/60 – FXMarketAlerts

FXStreet (Barcelona) - The FXMarketAlerts Team gives the technical outlook and key levels for EUR/USD, with the pair expected to bounce after testing 1.0850/60 levels.

Key Quotes

“Yet another new low with prices now sub 1.09.”

“Bounce may materialise from 1.0850/60 to unwind stretched indicators but lower targets at 1.0835 and 1.08 should come into play next day or so.”

“R1: 1.0930 intraday level

R2: 1.0985/00 intraday level

R3: 1.1033 * today high

S1: 1.0850/60 minor projection

S2: 1.0835 * projection

S3: 1.0800 figure”