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EUR/USD Supported at 1.41; Targets 1.43, 1.4450 if Stress Tests do Not Stir
The EUR/USD could be done with a correction after testing 1.41 and finding support. Note in the 1H chart that we reached 38.2% retracement level and a previous resistance in the 1H chart, and an earlier support spotted in the 4H chart, so this 1.41 level is indeed becoming an important pivot. The RSI reading is pushed to 40, a support level for a bullish trend. Structurally, a bullish impulse wave count is still valid until a break below 1.4035, which is the close of wave (1), and therefore should be not be overlapped by wave (4). Support at 1.41 psychological whole level is appropriate getting into the European ... (full story)
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