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T3-Consultancy

EURUSD H1: Bearish outlook seen, further downside below 0.98136

Short
Euro / U.S. Dollar (PEPPERSTONE:EURUSD)  
T3-Consultancy  
PEPPERSTONE:EURUSD   Euro / U.S. Dollar
Trend Analysis
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1
trendanalysis
Prices have made an all-time low at 0.95548. A pullback to the resistance zone, in line with 0.786 Fibonnaci level will provide a good opportunity to continue the downward trend to 0.9500. Breaking above the 0.98136 resistance zone may move prices closer to upper bounds of the downward channel. The general sentiment for EUR is bearish against USD now, so selling at resistance is more favourable.
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