tayalsmith
Short

EUR/USD analysis

FX:EURUSD   Euro Fx/U.S. Dollar
28 0 0
The primary trend of EURUSD             is bearish on charts. In its 4 hourly chart, the pair is consolidating with strong negative and is likely to show downside movement in the market. Its 200 DMA is also providing resistance to the prices supporting the further down-trend. If it breaks its support level of 1.1085 & sustains below it then it is expected to show further bearish movement in next few days.

INDICATORS:-
In MACD
Prices are sustaining in the selling territory, supporting the down side movement in the market.

STRATEGY:- EURUSD             is looking bearish on charts for next few trading sessions. One can go for sell on higher level strategy for this pair for intra day to mid term positions.
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