Currency Majors Technical Perspective

EUR/USD Current price: 1.3311 View Live Chart for the EUR/USD Souce: Visual Chart The Euro is in a clear downtrend, with the recent strength seen in Asia being an excellent opportunity for sellers to reinstate shorts as price retraces potentially back toward the 1.34 up to 1.3420 resistance level. Sell on bounces is favoured. Only a decisive break above 1.3420 negates the short term trajectory of the pair for another week. On the downside, 1.3140/50 remains the target in focus. Support levels:

Comments are closed.