CapMoore

Bearish Bias with Support at 1,07-1,0850 zone

FX:EURUSD   Euro / U.S. Dollar
100 0 0
Previous monthly close was bearish just below the
major 61,8 fib of all-time swing. Therefore it is likely
that price will continue to the next target and support
that is a confluence zone made up of horizontal support
at 1,0760, Yearly S2 at 1,0830 and the lower channel
at 1,0675 approximately. Only a close above Yearly S1
will give some relief to downward pressure.
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