eur usd weekly outlook for 6 to 10 june 2016

eur usd weekly outlook for 6 to 10 june 2016 Euro dollar pair this week closed with strong gains. As expected euro has given reversal move after correction on soft dollar index.   For next week, eur usd outlook is bullish and expect follow up buying as well as fresh short covering by trapped traders. Euro achieved my given target of 1.1320 and now heading towards next target of 1.1450.   For next week, eurusd support zones are 1.1320 and then 1.1110. These are fresh entry zone on corrections. On upside 1.1450 and 1.1560 are resistances as well as target zones for next week.   On monthly chart, watch 1.16 level if gives breakout above it then expect 1.2050 target for euro in medium terms.

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Pramod Baviskar

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