OakMarketTrends
Short

Key resistance at 1.1615

FX:EURUSD   Euro / U.S. Dollar
64 0 1
Technically, the pair has struck against a significant resistance at 1.1615 given by the high of August 2015 (close price) and the channel resistance. In addition, a shooting star has formed which represents a potential trend reversal. Furthermore, the MACD is displaying a bearish divergence.

As long as 1.1615 isn't broken by a significant margin, the bear camp has the edge in my opinion.
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