SUMMARY:
The primary trend of EUR/USD is bearish. In its hourly chart, prices are consolidating with strong negative bias. 30 & 200 DMA are also providing resistance to the prices & supporting the further downtrend. If it breaks the level of 1.0570 & sustains below it we can expect it to come down to the levels of 1.0500/1.0460 in next few days.
EUR/USD ( HOURLY ) :
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| EURUSD CHARTS |
INDICATORS:-
RSI is sustaining near in selling territory, supporting the upcoming down trend in the pair.
In MACD
Prices are sustaining below the zero line ,supporting the down side movement in the market
STRATEGY:-
EUR/USD is looking bearish on charts for next few session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.
WEEKLY LEVELS :
Free calls give the thought about the marketplace which is extremely necessary in Forex Signals. Multi Management and Future Solutions calls are frequently updates on the blog.
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