Euro / U.S. DollarShort
Sell EURUSD below 1.09500
Potential Reversal Zone (PRZ)- 1.09500
EURUSD trades weak on board-based US dollar buying. is consolidating after a massive sell-off. It hit a low of 1.109509 yesterday g and is currently trading around 1.09625.
Intraday bias remains bearish as long as resistance 1.1000 holds.
Markets eye FOMC meeting minutes for further direction.
Technicals-
The pair is trading below 34-,55 EMA, and 200 and 365 Hull moving average in the 4-hour chart.
The near-term resistance is around 1.1000, a breach above targets 1.1030-/1.106501.10850/1.11050/1.1150. Major bullish continuation only above 1.1150. A jump above will take the pair to 1.11780/1.12150. The immediate support is at 1.0950, any violation below will drag the pair to 1.0920/1.08750/1.08600/1.0800.
Indicator ( 4-Hour chart)
CCI (50)- Bearish
Average directional movement Index - Bearish. All indicators confirm a bearish trend.
Sell- below 1.09500 with SL around 1.09800 for TP of 1.08750.
EURUSD trades weak on board-based US dollar buying. is consolidating after a massive sell-off. It hit a low of 1.109509 yesterday g and is currently trading around 1.09625.
Intraday bias remains bearish as long as resistance 1.1000 holds.
Markets eye FOMC meeting minutes for further direction.
Technicals-
The pair is trading below 34-,55 EMA, and 200 and 365 Hull moving average in the 4-hour chart.
The near-term resistance is around 1.1000, a breach above targets 1.1030-/1.106501.10850/1.11050/1.1150. Major bullish continuation only above 1.1150. A jump above will take the pair to 1.11780/1.12150. The immediate support is at 1.0950, any violation below will drag the pair to 1.0920/1.08750/1.08600/1.0800.
Indicator ( 4-Hour chart)
CCI (50)- Bearish
Average directional movement Index - Bearish. All indicators confirm a bearish trend.
Sell- below 1.09500 with SL around 1.09800 for TP of 1.08750.
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