FXHighway
Short

EURUSD hits strong resistance

FX:EURUSD   Euro / U.S. Dollar
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3
48 0
Target: 1.0936
Risk: 1.1405

Technical reaons:

The EURUSD pair could not manage to breach 1.1357 level, failing to return to the previously broken bullish channel , showing negative trading that signals that the negative pressure will dominate the coming trading.

The exponential moving averages 50 and 100 form negative pressure on the price, thus, the bearish bias will be expected on the intraday and short term basis, and the next station is located at 1.1066, while the price needs to breach 1.1357 followed by 1.1405 levels to return to the main bullish trend .


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