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.
Comments
aryahi29
⋅
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