FX.co ★ Technical analysis of EUR/USD for April 27, 2016

EUR/USD continues trading between S1 (1.1220) and R1 (1.1320) levels. Although yesterday, price spiked up above the R1 resistance that would trigger a long position according to our previous analysis.

As trend remains bullish consider holding long position targeting either R2 (1.1480) or R3 (1.1640) as a final upside target. The stop loss should be well below the S1.

Support: 1.1220, 1.1060

Resistance: 1.1320, 1.1480, 1.1640