EURUSD:Downside Momentum Towards SUpport level 1.1155 and 1.1080
Technical Market Outlook:
The EUR/USD pair has been testing the level of 1.1236 for the last 12 hours. This level is the key short-term support level for the price, so any violation of this level would lead to the test of another technical support located at 1.1190 or 1.1148. Please notice, the market is coming off the overbought levels and the momentum indicator is still weak and negative. So far then there is no reversal signal for bulls and traders should keep an eye on the 1.1190 - 1.1148 zone for next 24h.
Alternative upside break 1.1425 we could see another high resistance 1.1460/80. Currently, market inductors showing limited bullish.
🛑SUPPORT/RESISTANCE
✅S1= 1.1240
✅S2=1.1180
✴️R1=1.1380
✴️R2=1.1460
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The EUR/USD pair has been testing the level of 1.1236 for the last 12 hours. This level is the key short-term support level for the price, so any violation of this level would lead to the test of another technical support located at 1.1190 or 1.1148. Please notice, the market is coming off the overbought levels and the momentum indicator is still weak and negative. So far then there is no reversal signal for bulls and traders should keep an eye on the 1.1190 - 1.1148 zone for next 24h.
Alternative upside break 1.1425 we could see another high resistance 1.1460/80. Currently, market inductors showing limited bullish.
🛑SUPPORT/RESISTANCE
✅S1= 1.1240
✅S2=1.1180
✴️R1=1.1380
✴️R2=1.1460
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.