Corrective Recovery In EUR/USD
Trading is neutral, as corrective recovery from 1.1215 might extend. Trading below minor support 1.1321 will back to the downside for 1.1215 and then 1.1186. Pivot points are at: (S1) 1.1351; (P) 1.1387; (R1) 1.1452.
Overcoming of 1.1499 will indicate a near term trend reversal and turn forecast bullish for resistance 1.1814. Upside of recovery should be limited below resistance 1.1499.
The downtrend from a medium term top1.2555 has just resumed for 61.8% retracement of 1.0339 to 1.2555 at 1.1186 next. hitting of that zone will aline retest on 1.0339. Overcoming of resistance of 1.1814 will confirm a medium term bottoming.