Technical Analysis for EURO
The pair dropped and is stable now below the psychological barrier 1.3000 representing also bottom C of the AB=CD bearish harmonic Pattern. Stability below the referred to level triggers the extension of the harmonic pattern, as levels 1.2905 and 1.2805 might be tested. The negative possibility is valid is the pair stabled below 1.3080 levels.
The trading range for today is among the key support at 1.2805 and key resistance at 1.3155.
The general trend over short term basis is to the upside targeting 1.4375 as far as areas of 1.2990 remains intact.
Support: 1.2980, 1.2965, 1.2905, 1.2865, 1.2805
Resistance: 1.3000, 1.3000, 1.3080, 1.3100, 1.3155
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.3000 targeting 1.2905, 1.2865 then 1.2805 and stop-loss with four-hour closing above 1.3080 might be appropriate