EUR/USD looking for sell signals

EUR/USD looking for sell signals

EUR/USD remains strong in a bearish bias below the 200 SMA at H1 chart and it’s now looking to consolidate above the 50 SMA. That’s a call the pair could do a rally to reach the supply zone between the 1.1860 and 1.1902 levels in the short-term. Around that area we’re seeing a 200 SMA projected that could act as a dynamic resistance for the pair, in order to reach the -23.6% Fibo level of 1.1649, once it breaks below September 27th lows.

RSI indicator is in the positive territory.

EURUSDmH1.png

Similar

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera