Technical Analysis for EURO
The pair is still trading weakly but Linear Regression Indicators continue to show a negative bias, while Stochastic and RSI are trading below 50 points line . Therefore, a downside move might occur today if the pair stabilized below 1.3406 levels.
The trading range for today is among the key support at 1.3200 and key resistance at 1.3505.
The general trend over short term basis is negative targeting 1.1865 as far as areas of 1.3550 remains intact.
Support: 1.3300, 1.3280, 1.3250, 1.3235, 1.3200
Resistance: 1.3355, 1.3380, 1.3405, 1.3480, 1.3505
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.3330 targeting 1.3280, 1.3250 then 1.3200 and stop-loss with four-hour closing above 1.3405 might be appropriate