EURUSD 1H Diagram Technical Analysis shows the following:
The EURUSD has declined under the KUMO and the SMAs (30) , (50), (100). The level 1.1058 was resistance & support on uptrend but now is resistance and has breached by the pair on downtrend. MACD is bearish and RSI is approaching under 40 level.
The next support seems to be the 1.0997 level.
In the 4H diagram the pair breaches the KUMO on downtrend.
Short with stop loss 1.108
The EURUSD has declined under the KUMO and the SMAs (30) , (50), (100). The level 1.1058 was resistance & support on uptrend but now is resistance and has breached by the pair on downtrend. MACD is bearish and RSI is approaching under 40 level.
The next support seems to be the 1.0997 level.
In the 4H diagram the pair breaches the KUMO on downtrend.
Short with stop loss 1.108
