EUR/USD has broken the minor support 1.18616 after slight recovery till 1.19676. Intraday trend is weak as long as resistance 1.205 holds.
On the downside any break below 1.18430 will take the pair to 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 1.205/1.2103 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 1.1880-90, SL 1.1970, Target 1.1687.
On the downside any break below 1.18430 will take the pair to 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 1.205/1.2103 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 1.1880-90, SL 1.1970, Target 1.1687.