Forex

[Forex-1 | Euro vs US Dollar] EURUSD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties. A close above (1.36780) will call for (1.37661), and Loss of (1.34694) sees (1.34184).We prefer to wait for break of upper or lower barrier.

[Forex-1 | Euro vs US Dollar] EURUSD maintains a bid tone for now. Break above (1.35549) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.34583), however, would confirm continuation of the bearish trend, towards next objective downwards (1.32687).Short positions are favored for today.

[Forex-1 | Euro vs US Dollar] The outlook has grown increasingly bearish since EURUSD had remained below its latest swing high at (1.39466). If this resistance level is broken to the upside, the outlook will deteriorate.We will try to sell EURUSD from our mentioned resistance levels.

[Forex | Euro vs US Dollar] We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.3591). Another move back above (1.3793) could lead us to neutral zone.We will be looking to sell EURUSD upon any price retracement.