EUR/USD - Bearish inverted hammer candle

FX_IDC:EURUSD   Euro / U.S. Dollar
  • A daily closing today below critical support of 1.1534 would open doors for a drop further to 1.1464 levels.
  • As noted here. area between 1.1430-1.1534 has acted as a strong resistance on numerous occasions. Hence, it is imperative the pair sustains above the same otherwise..
  • Failure to sustain above the said technical levels, followed by a drop below this week's/month's low of 1.1429 would expose monthly 5-MA seen at 1.1207 levels.
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