Attached is the 1H chart for EURUSD. This pair has shown amazing resilience amidst the fall in almost all other pairs. Due to this, all the euro pairs have had significant gains yesterday.
Yesterday, 1.38 has served as very good support and this price seems to be serving as good support even now. As predicted, 1.3920 has served as good resistance and we did not see price going up above that for the whole of yesterday. We also saw this pair breaking through another important support at 1.3884 and since that break, we have seen this pair ranging between 1.38 and 1.3885.
On the upside, we have small resistance at 1.3865 and then a strong ones at 1.3885 and then at 1.3920. We can expect more upside only after break of 1.3920.
On the downside, there is huge support around 1.38. A break of this price could see price heading down to 1.3750.
For today, i would expect more ranging between 1.38 and 1.39 until 1.3920 is taken out. After which i expect more upside.
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