EURUSD extends weakness from the 1.1435 high (June 18, 2015) to a new 5-week low at 1.0916 Tuesday (July 7, 2015), signaling return of broad downtrend and expose the 1.0866/1.0818 support zone next. The 1.1090/1.1120 resistance zone (as shown on the 240minute chart) should cap bounces. Only a decisive break through 1.1120 would relieve.
Outlook:
Short term: bearish
Long term: bearish
Outlook:
Short term: bearish
Long term: bearish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.