EUR/USD - Intraday - We look to Sell a break of 1.2159 (stop at 1.2181)
Daily signals for sentiment are at overbought extremes.
Bearish divergence is expected to cap gains.
Trend line support is located at 1.2180.
A break of 1.2180 is needed to confirm follow through negative momentum.
A higher correction is expected.
Our profit targets will be 1.2101 and 1.2081
Resistance: 1.2200 / 1.2220 / 1.2240
Support: 1.2180 / 1.2160 / 1.2130
Daily signals for sentiment are at overbought extremes.
Bearish divergence is expected to cap gains.
Trend line support is located at 1.2180.
A break of 1.2180 is needed to confirm follow through negative momentum.
A higher correction is expected.
Our profit targets will be 1.2101 and 1.2081
Resistance: 1.2200 / 1.2220 / 1.2240
Support: 1.2180 / 1.2160 / 1.2130
