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| EUR/USD |
RECOMMENDATION : SELL
TARGET 1.0460
SUMMARY:-
EUR/USD is primarily showing the bearish trend. In its hourly
chart, prices are consolidating with strong negative bias. 30 &
200 DMA are also providing resistance to the prices & supporting
the further downtrend. If it breaks the level of 1.0570 &
sustains below it we can expect it to come down to the levels of
1.0500/1.0460 in next few days.
INDICATORS:-
RSI is sustaining near in selling territory, supporting
the upcoming down trend in the pair.
In MACD
Prices are sustaining below the zero line ,supporting
the down side movement in the market.
 |
| Technical Chart |
STRATEGY:-
EUR/USD
is looking bearish on charts for next few session. One can go for
sell on higher level strategy for this pair for intra day to mid term
positions.
