The pair broke the 1.3411 pivot point, trading now at 1.3367. The price is breaking the lower band of Bollinger, indicating a possible correction to the middle band, while the 14 days RSI is clearly oversold. According to the Stochastic, the pair shows selling signs, as well as the Parabolic SAR. If the trend stays to the downside, the next support is at 1.3317, while the next resistance above is at 1.3411 dollars per euro. On the four hours chart, the 50 days MA is over the Spot and the Bears are on negative ground, showing short entry signs. The Ichimoku cloud confirms the bearish trend of the pair.
Join the Discussion