EUR/USD has broken major support 1.1260(S1) ,this confirms short term bearishness and reach till 1.1100 cannot be ruled out .
On the upside minor resistance is around 1.12600 (R1 Support turned into resistance) and aby break above could open way for another test of 1.1300/1.1346 (200 day HMA).
Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/USD around 1.1260, SL 1.1305, Target 1.100.
On the upside minor resistance is around 1.12600 (R1 Support turned into resistance) and aby break above could open way for another test of 1.1300/1.1346 (200 day HMA).
Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell EUR/USD around 1.1260, SL 1.1305, Target 1.100.