Technical Analysis for EURO

Technical Analysis for EURO

The pair is facing a critical condition as it is currently trading close to 1.3555 levels to keep our bearish expectations. In fact, a four-hour closing below the referred to level is still stable forcing us to expect bearishness again; meanwhile stabilizing above 1.3555 will trigger a bullish wave to test levels around 1.3660.

Support: 1.3505, 1.3485, 1.3445, 1.3420, 1.3380
Resistance: 1.3555, 1.3585, 1.3620, 1.3660, 1.3690

Recommendation Based on the above, sell the pair around 1.3545 targeting 1.3500, 1.3470 then 1.3420 and stop-loss at four-hour closing above 1.3555 If the stop-loss was triggered, buy the pair above 1.3555 targeting 1.3600, 1.3660 then 1.3345 and stop-loss at four-hour closing below 1.3480