Yesterday, the EurUsd
continued its bearish
spree, as it had closed in the red for the third consecutive session, after visiting its EMA20. The EurUsd
is still seeking to find its monthly trend line
in Orange. The patterns suggest another bearish
day, with 1.12789 as an objective, and 1.12889 as a primary objective. The EMA10 will be the parity's resistance level
, for today, which breaking out will send it to 1.13791.
movement will only be rejected, should the 1.13947 be breached. In this case, the EurUsd
will head to 1.14481, with 1.14307 as a primary objective.
The daily Pivot Point
is around 1.13361. The daily support levels are around 1.12931 and 1.12628. The daily resistance levels are around 1.13664 and 1.14094.