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

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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