EURUSD has recovered till 1.13589 after making a low of 1.12941. Overall trend is bearish as long as short term resistance 1.1375 holds.
On the downside minor support is around 1.1260 and any break below will target 1.1200/1.1580 in short term.
The pair’s up move is capped by 200 HMA which is around 1.1375. Any indicative move will extend gains to 1.1430/1.1450.
Indicators (1 Hours chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/USD around 1.1330, SL 1.1375, Targets 1.1260/1.1220.
On the downside minor support is around 1.1260 and any break below will target 1.1200/1.1580 in short term.
The pair’s up move is capped by 200 HMA which is around 1.1375. Any indicative move will extend gains to 1.1430/1.1450.
Indicators (1 Hours chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/USD around 1.1330, SL 1.1375, Targets 1.1260/1.1220.