FxWirePro
Short

EUR/USD Short term Outlook

FX:EURUSD   Euro / U.S. Dollar
550 0 5
EURUSD             has broken major resistance 1.1350( trend line joining 1.12718 and 1.1318) and downside till 1.11580 cannot be ruled out .

On the downside minor support is around 1.1260 and any break below will target 1.1200/1.1580 in short term.

The pair’s up move is capped by 200 HMA which is around 1.13680. Any indicative move will extend gains to 1.1420/1.1450.

Indicators (1 Hours chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell EUR/USD             around 1.1330, SL 1.1370, Targets 1.1260/1.1220.


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