EUR/USD: main trend is still bearish

EUR/USD: main trend is still bearish

25-5-2018-EUR-H4.png

The main trend is still bearish. However, there's an opportunity to have an upward correction towards the nearest resistance at 1.1762. This level could be a departure point for another decline.

25-5-2018-EUR-H1.png

There's a local 'V-Bottom', so the market is likely going to test the 89 Moving Average. If a pullback from this line happens next, there'll be an opportunity to have a decline towards the closest support at 1.1689 - 1.1675.

eur

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