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EURUSD Flying Towards 1.1340 Resistance | May 20, 2017



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Eurusd is now showing strong bullish momentum. There is no chance to get back soon. We buyers can target for next resistance level. Weekly candle clearly suggests for a successful breakout of 1.1000 level and looking for more bullish. The daily candle is also giving bullish sentiment with some big bullish candle. 

Last four H4 candles are going up strongly which gives an idea about the power of buyers. So sellers should be careful before opening sell candle on it. 



 



H1 chart is showing that this has pulled back from 1.1075 support level. So we can use this level for new support level for this pair. 1.1170 level can be another buy zone for this pair. 

If we find any pull back on this pair, then we need to go for buy and target will be next resistance level at 1.1340. 



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