EUR / USD Still In Pressure Selling

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EUR / USD Still In Pressure Selling

Preferences: BEARISH

Reference Area: 1.16598 – 1.17324 (search for BEARISH signal confirmation)

Support: 1.15422, 1.14246, 1.13520

Resistance: 1.16598, 1.17324, 1.18500


Daily bias of EURUSD movement is in BEARISH condition and current price is consolidating in support area. Beware of stochastic indicator is in potentially oversold condition. As forex trading strategy today, if price move up and stuck around resistance at 1.16598 – 1.17324 then look for confirmed SELL signal which there is potential price will move down towards support at 1.15422 – 1.14409. But if resistance at 1.17324 penetrated that there is potential price will move up towards resistance at 1.18500 range.

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