EUR/USD daily outlook

Euro Fx/U.S. DollarFXCM

Description

⋅ Feb 14, 2017 7:09 AM

Daily RSI – bearish at 46.00
Daily DMI – Bearish

Monday’s daily close was below 50-DMA
Corrective move towards 1.0640-1.07 is likely to be short lived. A short-term sideways action appears likely.
On the downside, another daily close below 50-DMA would open doors for a sell-off to 1.05 levels