KENJICHEN

0422-EURUSD Analysis

Short
FX:EURUSD   Euro / U.S. Dollar

EURUSD
Euro experienced relative huge decline last week and had little bounce to 1.1250 resistance level today.

Due to strong dollar and euro daily chart pattern, euro may in weakness situation this week, if euro can't thrive above 1.1260.

By following previous trend, we better short euro at 1.1250 and target low 1.1230 to 1.1217 in short-term first.

Support: 1.1230 / 1.1217
Resistance: 1.1250 / 1.1280
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.