Technical Analysis for EURO
The pair is trading in volatility below key resistance level of the downside move and below 1.3000 levels supporting negativity; meanwhile, the pair failed to stable below 1.2905 levels. We will hold on to our negative expectations unless levels 1.3080 were breached, we prefer to see the pair stable below 1.3000 levels for the bearish move to remain valid.
The trading range for today is among the key support at 1.2805 and key resistance at 1.3080.
The general trend over short term basis is to the downside targeting 1.2560 as far as areas of 1.3270 remains intact.
Support: 1.2940, 1.2905, 1.2880, 1.2835, 1.2805
Resistance: 1.2980, 1.3000, 1.3035, 1.3080, 1.3100
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.2980 targeting 1.2905, 1.2880 then 1.2805 and stop-loss with four-hour closing above 1.3080 might be appropriate