Eur usd forex weekly technical report for 9 to 13 may 2016

Eur usd forex weekly technical report for 9 to 13 may 2016

Eur usd forex weekly technical analysis
 
 
Eur usd forex pair this week closed with loss.

 
Weekly chart candlestick pattern suggests euro is topped as I am expecting.
 
For next week, eur dollar pair support zones are 1.13 and 1.1150. On upside 1.15 and 1.1580 are resistances.
 
On monthly chart, failure to close above 1.1450 may result in fresh selling and euro might test 1.09 to 1.04 levels in medium to longer terms.
 
My short term tgt of 1.14 is achieved now expecting 1.1150 in medium term as tgt zone.

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