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EURUSD






4/5/2017 2:28:29 AM

EURUSD - Technical Analysis: Wednesday, 05/04/2017 06:28 GMT



The EURUSD pair found strong support at 1.0650, as it attempted to break it yesterday without managing to settle below it, to show some bullish bias and approach from testing 1.0700 level, noting that RSI moves to the upside towards the overbought areas.

Overall, we expect the domination of the bearish trend on the short term basis, unless the price rallied to surpass 1.0700 then 1.0748 levels, waiting to break 1.0650 to confirm heading towards 1.0493 mainly.


Target
Risk


Support
Resistance


Trend Bearish

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