SunRiseZoneFX
Short

EUR/USD SHORT Trade Short Setup 5 Hours+ Down Trend Analysis!

FX:EURUSD   Euro Fx/U.S. Dollar
EUR/USD SHORT Trade Short Setup 15 Mins Chart 5 Hours+ Down Trend Analysis!

In the Asian session, at GMT0300, the pair is trading at 1.1098, with the EUR trading 0.24% higher from yesterday’s close. The pair is expected to find support at 1.1051, and a fall through could take it to the next support level of 1.0986. The pair is expected to find its first resistance at 1.1200, and a rise through could take it to the next resistance level of 1.1281. Moving ahead, Greece’s fate will be determined by the Euro-zone officials, as it holds an emergency summit on Sunday to determine if Greece’s proposed plan of “credible reforms” are feasible or not. Meanwhile, investors would pay close attention to the Fed Chief, Janet Yellen’s speech, scheduled later in the day. The currency pair is trading above its 20 Hr             and 50 Hr             moving averages .


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