FxWirePro
Short

EURUSD Short Term outlook

FX:EURUSD   Euro / U.S. Dollar
820 0 2
EUR/USD             made a sudden jump till 1.103 and retreating from that level. Overall trend is bearish as long as resistance 1.0950 holds.

On the downside minor support is at 1.0650 and any break below will drag the pair further down till 1.0550/1.0460 in short term.

The pair’s minor resistance is around 1.0754 and break above could pave way for next target 1.0810/1.0895.

Indicators (1 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Sell

Recommendation: Sell EUR/USD             around 1.0680, SL 1.0755, Targets 1.0550/1.0460.

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