EUR/USD's Intact Decrease

Technical Reports

Pair’s trading condition is neutral. If the recoil from 1.1507 is progressing, 1.1851 resistance would bound upside and cause a drop restoration. Under 1.1628, a repeat test of 1.1507 will be aligned. Following pivot points include: (S1) 1.1616; (P) 1.1668 (R1) 1.1702.

Breach will extend the intact decline from 1.2555 through 50% retracement of 1.0339 to 1.2555 at 1.1447 to 61.8% retracement at 1.1186.

There has been a rejection from 38.2% retracement of 1.6039 to 1.0339 at 1.2516. A medium term top has been created at 1.2555. The fall is expected to extend for 61.8% retracement of 1.0339 to 1.2555 at 1.1186 and lower. While 1.1995 resistance is present, the drop from 1.2555 will be progressing.