EURUSD bouncing from resistance, looking bearish
Updated
EUR looks bad as it's economy starts to slow down (Germany slowing down, Italy already in recession) + Brexit insecurity. We were rejected at the top of falling wedge, so I expect us to touch lower side next. Technical analysis is also showing a potential Head & Shoulders pattern although volume is not there to support it (downside target at 1.04).
Support around 1.2-1.125 and 1.07-1.08 ranges.
Not trading this, just thinking to decrease EUR exposure if we break supports.
Support around 1.2-1.125 and 1.07-1.08 ranges.
Not trading this, just thinking to decrease EUR exposure if we break supports.
Comment
Bounced again from resistance and broke 1.125 support (it seems, for now).
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