Monday, May 26, 2014

eur/usd daily technical analysis


The EURUSD has a moderate sell momentum end/last week, slipped below the daily EMA 200 and 1.3650 key support as you can see on my daily chart below. if now eur/usd pair gone sell so, testing 1.3500 area. Immediate resistance is seen around 1.3650. A clear break above that area could lead price to neutral zone in nearest term target 1.3700/25 area. A consistent movement below the daily EMA 200 could be an early signal of a major bearish reversal scenario.now market is gone some downtrend.

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