EUR/USD Intraday Bearish
Pivot point: 1.1987
Resistance level 1: 1.2016 Resistance level 2: 1.2072 Resistance level 3: 1.2102
Support level 1: 1.1931 Support level 2: 1.1901 Support level 3: 1.1845
Comment: Euro is now suffering from a strong bearish trend, closing below the third support level. For future trading references, if it trends bullish then the resistance of 1.2016 could be broken and push the price back up to 1.2072. However, if the downward trend sustains then the support of 1.1931 may falter, which could pull the price lower to 1.1901.
Pivot point: 1.1987
Resistance level 1: 1.2016 Resistance level 2: 1.2072 Resistance level 3: 1.2102
Support level 1: 1.1931 Support level 2: 1.1901 Support level 3: 1.1845
Comment: Euro is now suffering from a strong bearish trend, closing below the third support level. For future trading references, if it trends bullish then the resistance of 1.2016 could be broken and push the price back up to 1.2072. However, if the downward trend sustains then the support of 1.1931 may falter, which could pull the price lower to 1.1901.