FxWirePro

We pefer to go short in EUR/USD

Short
FX:EURUSD   Euro / U.S. Dollar
2
Positioning Bias:

EUR/USD has broken the minor support 1.18616 after slight recovery till 1.19676. Intraday trend is weak as long as resistance 1.201 holds.

On the downside any break below 1.18430 will take the pair to 1.17760/ 1.1687 (100% projection of 1.3699 to 1.2499 from 1.28859).

The pair’s minor resistance is around 1.1970 and any indicative break above will target 1.201/1.2103 in short term.

Short term trend reversal – 1.2285

Indicators (4 hours Chart)
CCI (50) - Sell
CCI (14) - Sell
Ichimoku- Neutral

Recommendation: Sell EUR/USD around 1.1945, SL 1.201, Target 1.17780.