EURUSD Technical analysis:Time:09:06
Today market was opened at the position of 1.2780 and now it extends to 1.27570.
So, we can see a downtrend before the release of EUR news.
Also from this point we can see bearish candles at the last (see in fig: FXBase- analysis image).If there is changes in the bearish candles the trend may start changing.
Here the CCI values are in the level of 27.48 range. So, the market has not given any trendline break from today morning.
Also it has started moving down from yesterday’s ratio side.
Finally all the results show that the market is moving more to the downside consolidation. It is recommended to sell EUR for the upcoming four hours.
If the market breaks the bearish channel, the downward movement may reverse and it may start rising.
Today market was opened at the position of 1.2780 and now it extends to 1.27570.
So, we can see a downtrend before the release of EUR news.
Also from this point we can see bearish candles at the last (see in fig: FXBase- analysis image).If there is changes in the bearish candles the trend may start changing.
Here the CCI values are in the level of 27.48 range. So, the market has not given any trendline break from today morning.
Also it has started moving down from yesterday’s ratio side.
Finally all the results show that the market is moving more to the downside consolidation. It is recommended to sell EUR for the upcoming four hours.
If the market breaks the bearish channel, the downward movement may reverse and it may start rising.
