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Short

EUR/USD trades below 1.0600, decline below 1.0500 is possible

FX:EURUSD   Euro Fx/U.S. Dollar
489 0 5
EUR/USD             has minor support 1.0600 and declined till 1.05770. Short term trend is weak as long as resistance 1.0640 (34 4H EMA ) holds.

On the higher side minor resistance is around 1.0606 and 1.0626.

The pair’s major support is around 1.0560 and break below targets 1.05000.

Overall bearish invalidation only above 1.06850 ( trend line resistance joining 1.0829 and 1.07629).

It is good to sell on rallies around 1.05820-850 with SL around 1.06380 for the 1.0500/1.0460

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