EurUsd: Heading to its Orange Trend line...

FX:EURUSD   Euro Fx/U.S. Dollar
42 0 2
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.

The bearish 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.
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