Bearish Trend In EUR/USD

Technical Reports

Trading tone remains neutral, as the pair is staying in a range of 1.1250/1.1420. The pair’s near term forecast will remain bearish as long as resistance 1.1443 keeps. Pivot points are at: (S1) 1.1258; (P) 1.1316; (R1) 1.1362.

Overcoming of 1.1443 will lead the price to achieve gains that start at 1.1550 and extend to 1.1705.

The downtrend from a medium term top 1.2555 continues 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.