EUR/USD

EUR/USD is still trading in a range with an upside bias. After the pair broke out of wedge chart pattern it is working its way up towards the measured target @ 1.5850. With oil prices climbing higher each day the target should be reached and probably we can see new life time high around 1.6100/10. I doubt that the EUR/USD will go beyond and probably will spend the summer between 1.5300+- and 1.6100+-. Support is @ 1.5685, 1.5600 and 1.5480. Resistance is @ 1.5815, 1.5850/60 and 1.5915.


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