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Varonos

EUR/USD | Strong rejection of bullish momentum

Euro / Dollar AS (FX:EURUSD)  
Varonos  
FX:EURUSD   Euro / Dollar AS
Support and Resistance Oscillators Moving Averages EURUSD eurusdforecast eurusdidea eurusdtrade resistance_level pullback
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supportandresistance oscillator movingaverage eurusd eurusdforecast eurusdidea eurusdtrade resistance_level pullback
Major Resistance level at 1.1045-1.1046. At these points EUR/USD failed to make a breakout and fell below this Resistance with increase in Volume, making this area significant.

Another key points:

- Price above SMA100 and SMA200.
- RSI in uptrend line above 50 and below its SMA12.
- Price far above the significant Support at 1.062.

We remain neutral for the moment.
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