We prefer to short EUR/USD

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

EUR/USD has slightly recovered after making low of 1.15669 and short term trend is bearish as long as resistance 1.1750 holds.

On the upside break above 1.1750 will take the pair to 1.1850/1.1955 in short-term.

The pair’s minor support is around 1.1560 and breaking below will target 1.1500/1.1445.

Indicator (4 Hour Chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell EUR/USD around 1.1673, SL 1.1751, Target 1.1445.