EUR/USD Short Term Outlook

EUR/USD has broken major support 1.1260(S1) ,this confirms short term bearishness and reach till 1.1100 cannot be ruled out .

On the upside minor resistance is around 1.12600 (R1 Support turned into resistance) and aby break above could open way for another test of 1.1300/1.1346 (200 day HMA).

Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell

Recommendation: Sell EUR/USD around 1.1260, SL 1.1305, Target 1.100.