EURUSD is bearish. The price is under the MA 200 and 50 on the D1 chart on the H4 and H1 chart. The Ichimoku cloud is giving sell signal. The lagging span is showing strong trend. The currency pair had already broken the bottom of the descending triangle pattern bud on the other hand is oversold. The RSI id under 30 on D1 an H4. So, the price can test the resistance at 1.163. which is a strong level. If this resistance holds than the price can fall. Good entry could be level 1.154 breaking the kumo on W1 chart and target monthly S1 1.146
We have today 3 important news which can affect this pair
We have today 3 important news which can affect this pair