EUR/USD is in crucial moment now

EURUSD - H1 chart

This is in very crucial moment for Eur/Usd. This will show how the week closes and what we can expect in the next one. After breaking the downtrend line it failed to break 1.2485 resistance, formed double top and now it's at the former trend line again. The support at 1.2420 stoped further decline , but if it fails it may expand to 1.2390 and next to 1.2365. If the support will be saved we should expect bounce up to 1.2485 again. In this option, reaching 1.2530 level is also very likely, if the pace would be strong enough.

EURUSD - H1 chart

Trade recommendation

Buy if the 1.2420 and trend line is saved. Consider selling if it's broken. Target levels: T1: 1.2485 T2: 1.2530 Latest bonus opportunities, free money to increase your profits Forex No Deposit Bonus Best Forex contests, fight for real $$$ Forex Contests Let the professionals take care for your money Forex Managed Accounts Current support levels 1.2420 1.2390 1.2365 Current resistance levels 1.2455 1.2485 1.2530