Tuesday, June 17, 2014

eur/usd downtrend daily analysis

The EURUSD had a buy momentum yesterday and hit 1.3586 level earlier today. The bias is buy in nearest term but as long as stays below 1.3675 – 1.3700 level.now I still prefer a sell scenario at
this phase. nearest support is seen aroud 1.3550 level. A clear break below that area could lead price to neutral zone in nearest term testing 1.3500 level key support area which need to be clearly broken to the downside to continue the bearish scenario.
finally today market running downtrend.

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