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Short

EUR/USD Short Term Outlook

FX:EURUSD   Euro / U.S. Dollar
705 1 9
EUR/USD             has broken major support 1.1260(S1) ,this confirms short term bearishness and reach till 1.1100 cannot be ruled out .

On the upside minor resistance is around 1.12600 (R1 Support turned into resistance) and aby break above could open way for another test of 1.1300/1.1346 (200 day HMA ).

Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell EUR/USD             around 1.1260, SL 1.1305, Target 1.100.


I HAVE A GREAT REGARD FOR YOUR INSIGHTS... BUT I DIFFER ON THOS. IT'S GOING TO GO UP.. LET'S SEE..WHAT HAPPENS. NOW IT'S 1.1234 A NICE FIG TO REMEMBER
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