Weakness in EURUSD is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.2889) at (1.2862) and (1.2805).Try to sell on rallies with a stop loss above (1.2943).
We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.2913) zones. A proper confirmation would occur if the EURUSD will manage to fall beyond the (1.2850) support level.We will be looking to sell EURUSD upon any...
The outlook has grown increasingly bearish since EURUSD had remained below its latest swing high at (1.2899). If this resistance level is broken to the upside, the outlook will deteriorate.Our bias is on selling EURUSD with a stop loss above (1.2899) for today.
We see high chances of the pair move down gradually towards (1.2805 – 1.2764). A proper confirmation would occur if the EURUSD will manage to close below the (1.2847) support over today`s trading session.Shorting EURUSD is advisable for today.
EURUSD maintains a bid tone for now. Break above (1.3038) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.2843), however, would confirm continuation of the bearish trend, towards next objective downwards (1.2688).Our bias is on selling EURUSD with a stop loss above (1.3038)...
We see high chances of the pair move down gradually towards (1.2915 – 1.2889). A proper confirmation would occur if the EURUSD will manage to close below the (1.2947) support over today`s trading session.Shorting EURUSD is advisable for today.
We see high chances of the pair move in a range between (1.3177 – 1.3000). A proper move above (1.3177) confirms a probable rally towards (1.3194). However, if EURUSD manage to close below (1.3000) will support a call for bid tone.We need to keep a closer look on...