Technical Analysis for EURO

The pair failed to stabilize above 1.3300 levels which is negative and might push the pair further to the downside today. Stability below 1.3315 is the main catalyst for these expectations to remain valid, whereas this level represents the main resistance and Linear Regression Indicator 34 as shown on graph.

The trading range for today is among the key support at 1.3115 and key resistance at 1.3385.

The general trend over short term basis is sideways targeting 1.2775 as far as 1.3600 is daily-closing.

Support: 1.3230, 1.3205, 1.3185, 1.3165, 1.3135
Resistance: 1.3275, 1.3300, 1.3315, 1.3345, 1.3385

Recommendation Based on the charts and explanations above, our opinion is selling the pair below 1.3260 targeting 1.3205, 1.3185 then 1.3165 and stop-loss with four-hour closing above 1.3270 might be appropriate




IMOH, Clement I.
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