EURUSD - Intraday - We look to Sell at 1.1939 (stop at 1.1963)
Daily signals are mildly bearish.
50 1day EMA is at 1.1934.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Pivot resistance is at 1.1947.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 1.1873 and 1.1843
Resistance: 1.1900 / 1.1920 / 1.1950
Support: 1.1860 / 1.1840 / 1.1800
Daily signals are mildly bearish.
50 1day EMA is at 1.1934.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Pivot resistance is at 1.1947.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 1.1873 and 1.1843
Resistance: 1.1900 / 1.1920 / 1.1950
Support: 1.1860 / 1.1840 / 1.1800
