Euro / U.S. DollarShort
EUR/USD Short Term Outlook
EUR/USD has broken major support 1.2605 and is expected to show further weakness in the coming days.
On the downside break below will target 1.2500/1.2470 in the short term.
Minor resistance is around 1.2630. Any indicative break above would extend gain to 1.2660/1.2680.
Short term trend reversal only above 1.2750 (Cloud bottom).
Recommendation: Sell EUR/USD around 1.2630, SL 1.2660, Target 1.2500/1.2470
On the downside break below will target 1.2500/1.2470 in the short term.
Minor resistance is around 1.2630. Any indicative break above would extend gain to 1.2660/1.2680.
Short term trend reversal only above 1.2750 (Cloud bottom).
Recommendation: Sell EUR/USD around 1.2630, SL 1.2660, Target 1.2500/1.2470
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