EUR/USD Technical Analysis: May High in the Crosshairs (24/08/15)

  • Support: 1.1309, 1.1191, 1.1016
  • Resistance: 1.1466, 1.1574, 1.1811

The Euro continues to push aggressively higher against the US Dollar, with prices testing the highest levels in three months. A daily close above the 1.1428-66 area (61.8% Fibonacci expansion, May 15 high) exposes the 76.4% level at 1.1574. Alternatively, a reversal back below the 50% Fib at 1.1309 opens the door for a test of the 38.2% expansion at 1.1191.

EUR/USD Technical Analysis: May High in the Crosshairs