tayalsmith
Short

EUR/USD analysis

FX:EURUSD   Euro / U.S. Dollar
29 0 1
The secondary trend of EURUSD             is sideways on charts. In its hourly chart, the pair is sustaining above its rising trend line , indicating the downside movement. It is not sustaining at higher levels and consolidating with strong negative bias to give break out at downside. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is having an important support at the level of 1.1305. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.

STRATEGY: EURUSD             is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.
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