[Forex1 | Euro vs US Dollar] EURUSD maintains a bid tone for now. Break above (1.3038) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.2843), however, would confirm continuation of the bearish trend, towards next objective downwards (1.2688).Our bias is on selling EURUSD with a stop loss above (1.3038) for today.
[Forex1 | Euro vs US Dollar] We see high chances of the pair move down gradually towards (1.2915 – 1.2889). A proper confirmation would occur if the EURUSD will manage to close below the (1.2947) support over today`s trading session.Shorting EURUSD is advisable for today.
[Forex1 | Euro vs US Dollar] Weakness in EURUSD is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.2939) at (1.2914) and (1.2889).You may try to sell from (1.2999), (1.3053), and (1.3086) with a stop loss above (1.3177).