EURUSD pair moved quiet positively since it has made the low in the January. Trend looks bullish for the past couple of months. The pair created a gap of almost 100 pips on April 24, when the currency markets were opened and that has become a strong support area since then. The EURUSD pair did not see the correction and is moving upwards since then. Now the pair has reached the important resistance level at 1.1260-1.1300 which needs to be broken for further upward momentum and that seems highly unlikely as I am expecting USDX to recover this week which will ultimately push EURUSD pair down. USDX is at the critical cloud support and indicating a bounce which will be BEARISH for EURO. As you can see in the chart that Stochastic and RSI both are giving string bearish signals. Whenever the Stochastic overlaps, this indicates the opposite move is coming. As I clearly indicated the history of Stochastic's relationship with EURUSD pair move and that definitely makes sense. Keeping that mind I would suggest traders to sell EURUSD pair at current levels with the stop loss at 1.1400 with the targets at 1.0950, 1.0850, 1.0720.
Wish You Good Luck.
Wish You Good Luck.