EUR/USD has retreated after making a high of 1.2446 and short term trend is bearish as long as resistance 1.2536 holds. The pair’s minor support is around 1.2350 is around and any break of will target 1.2250/1.2200. The break of short term resistance 1.2470 will take the pair to 1.2536/1.2610. Long term trend reversal only above 1.2630.
Recommendation: Sell EUR/USD around 1.2430, SL 1.2536, Target 1.2200.