EURUSD - Intraday - We look to Sell at 1.1949 (stop at 1.1971)
Daily signals are mildly bearish.
Price action has formed a bearish ending wedge formation.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Our outlook is bearish.
Our profit targets will be 1.1886 and 1.1845
Resistance: 1.1950 / 1.1980 / 1.2000
Support: 1.1920 / 1.1890 / 1.1870
Daily signals are mildly bearish.
Price action has formed a bearish ending wedge formation.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Preferred trade is to sell into rallies.
Our outlook is bearish.
Our profit targets will be 1.1886 and 1.1845
Resistance: 1.1950 / 1.1980 / 1.2000
Support: 1.1920 / 1.1890 / 1.1870
Trade closed: stop reached
