Eur/usd

[jonsmith]

The secondary trend of EUR/USD is bearish on charts. In its daily chart, the pair is sustaining below the trend line and is consolidating at lower levels. Price is sustaining below 200 day SMA indicating the bearish trend in the pair. It is having an important resistance at the level of 1.1280 and support at the level of 1.0890. If it breaks its support level and sustains below it then we can expect it to show further bearish movement in the pair.



INDICATORS:-

RSI is also sustaining in its selling zone indicating the upcoming bearish trend in the pair.



STRATEGY: EUR/USD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

 

[nickmartin4x]

Im watching this heavy swap area, this area will surely have some bounce to earn some pips.
Demand area - 1.0692 - 1.0665 . Let me know your thoughts

 

[jonsmith]

@nickmartin4x
since today morning this pair is in declining phase, consolidating back to the Novembers levels.
Surely we can see the demand area suggested by you. In the next few trading session it will all be clear.

 

[Saska]

The currency pair remains is to work in a sideways trend. According to the technique, after the rebound from 1.0800 to 1.1200 should work.

 

[Saska]

The currency pair is testing 1.0800. If you are trying to get support, we go to 1.0700 and 1.0500.

 

[Saska]

The currency pair broke the support 1.1200. I think the purpose of 1.1000 and a pair of right now to get going. You can sell now, or try to catch a pullback to 1.1200.