The primary trend of EURUSD
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.
Prices are sustaining in the selling territory, supporting the down side movement in the market.
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.