EUR/USD Potential Downward Movement

EUR/USD Long-Term Trend: Bearish

Key Resistance Levels: 1.07455, 1.08150, 1.08523

Key Support Levels: 1.07012, 1.06751, 1.06595

Daily Chart:

The price on the higher time frame has been in a downtrend recently after it faced resistance at the 1.08891 level and reversed the direction. The pair has continued to break a few support levels and EMA which suggests further trend continuation. 

EUR/USD Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a key level of 1.08150 and has sustained below that. As of now the pair has broken and retested a minor level of 1.07455 before continuing the momentum.

Signal Idea:

Sell Limit Order @ 1.07290

TP @ 1.07042

Stop Loss @ 1.07549

Trade Safely 🙂