EUR/USD is trading near key support at the level of 21EMA at 1.3816. Today in Asia, the pair has broken the level and made a low at 1.3814 as of now. As we recommended earlier, hold shorts until the pair crosses the level of 1.396. In the daily chart, the RSI is showing a sell sign. For today, trading perspective at 1.3803 is the key level, if the pair holds this level, we will see some pullback from the current level.
On the upside, 1.3893 and 1.3945 is the major resistance level fon a hourly basis. In the H4 chart, RSI is in oversold condition, we can see some pullback.
On the downside, if the pair breaks the level of 1.3803 it will drift towards 1.3774 1.3708, and 1.3643.
Recommendation- 1.3803 is the key level.
Intraday
Buy with sl 1.3773 for targets at 1.3899, 1.3945.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD is trading near
key support at the level of 21EMA at 1.3816. Today in Asia, the pair has broken the level and made a low at 1.3814 as of now. As we recommended earlier, hold shorts until the pair crosses the level of 1.396. In the daily chart, the RSI is showing a sell sign. For today, trading perspective at 1.3803 is the key level, if
the pair holds this level, we will see some pullback from the current level.
On the upside, 1.3893 and 1.3945 is the major
resistance level fon a hourly basis. In the H4 chart, RSI is in oversold
condition, we can see some pullback.
On the downside, if the pair
breaks the level of 1.3803 it will drift towards 1.3774 1.3708, and 1.3643.
Recommendation- 1.3803 is the
key level.
Intraday
Buy with sl 1.3773 for
targets at 1.3899, 1.3945.
The material has been provided by InstaForex Company – www.instaforex.com
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