EURUSD
Chart shows key support levels
It has reversed after making 52W high
Strength built up during Nov and Dec start has become weaker than Neutral level
Fall probability is higher as long it stay below red-dot-line, Short can be entered near red-dot-line, to target green-dot-line level
It may further go down and test low near pink-dot-line level, where bounce is expected.
If pink-dot-line level is broken on weekly closing, next lower target is 2nd pink-dot-line.
Chart shows key support levels
It has reversed after making 52W high
Strength built up during Nov and Dec start has become weaker than Neutral level
Fall probability is higher as long it stay below red-dot-line, Short can be entered near red-dot-line, to target green-dot-line level
It may further go down and test low near pink-dot-line level, where bounce is expected.
If pink-dot-line level is broken on weekly closing, next lower target is 2nd pink-dot-line.