EUR/USD: Under Pressure Aiming at 1.1200 - 1.1180
EUR/USD intraday bearish , daily bearish
RSI and MACD are has broke trend line indicating further downside action.
Potential for 1.1200 testing 61.8% of major bull cycle.
Allowing market volatility and reaching falling wedge test at 1.1180 considering U.S Index strong performance.
U.S Index as a swing target at 98.00 , which could be an indication that EUR/USD should start correction after reaching 1.1100 - 1.1180
Recommendation:
Entry levels: 1.1300 - 1.1320
Invalidation: 1.1360 - 1.1420 bullish confirmation level.
Take profit: 1.1280 . 1.1250 . 1.1220 , 1.1200 - 1.1180 - 1.1120
RSI and MACD are has broke trend line indicating further downside action.
Potential for 1.1200 testing 61.8% of major bull cycle.
Allowing market volatility and reaching falling wedge test at 1.1180 considering U.S Index strong performance.
U.S Index as a swing target at 98.00 , which could be an indication that EUR/USD should start correction after reaching 1.1100 - 1.1180
Recommendation:
Entry levels: 1.1300 - 1.1320
Invalidation: 1.1360 - 1.1420 bullish confirmation level.
Take profit: 1.1280 . 1.1250 . 1.1220 , 1.1200 - 1.1180 - 1.1120
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