Positioning Bias:
EUR/USD has slightly recovered after making low of 1.14585 and short term trend is bearish as long as resistance 1.1669 holds.
On the upside break above 1.11669 will take the pair to 1.1785/1.1850 in short-term.
The pair’s minor support is around 1.14585 and breaking below will target 1.1376.
Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/USD around 1.1673, SL 1.1751, Target 1.1445.
EUR/USD has slightly recovered after making low of 1.14585 and short term trend is bearish as long as resistance 1.1669 holds.
On the upside break above 1.11669 will take the pair to 1.1785/1.1850 in short-term.
The pair’s minor support is around 1.14585 and breaking below will target 1.1376.
Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/USD around 1.1673, SL 1.1751, Target 1.1445.