Technician

EURUSD: Intraday Technical Strategy

FX:EURUSD   Euro Fx/U.S. Dollar
576 0 5
EURUSD             is testing the a cluster of support , the 50-days SMA , the 50 percent retracement for the bullish wave(1.3467-1.3966), in addition the 1.271 extension for the latest bullish bounce. We might see a pullback to 1.3760/65 resistance level supported by a slight bullish divergence on RSI as well. But overall, the downside remains favored, i will look for bearish signals such as pin bar if we reach that area for shorts. Alternatively, if we directly break 1.3710 level, I will be looking for more downside, at-least towards 1.3660-1.3640.

Note: a break above 1.3765 may call for an extended bullish rebound, probably towards 1.3840 resistance.
My previous Trade setup is still active for the second half target
EURUSD: Pulling The Short Trigger!



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