newdigital

EUR/USD

The price for the pair is on primary bearish market condition for the secondary ranging within the following key support/resistance levels:

• 1.1029 resistance level located near Ichimoku cloud and 'reversal' Sinkou Span line on the border between the primary bearish and the primary bullish on the chart, and
• 1.0673 support level located far below Ichimoku cloud in the bearish area of the chart.

Chinkou Span line is below the price indicating the ranging condition to be continuing by direction.



If the price will break 1.1029 resistance level so we may see the local uptrend as the secondary market rally within the primary bearish market condition.
If the price will break 1.0673 support level so the primary bearish condition will be continuing.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close price to break 1.1029 for possible buy trade
• Recommendation to go short: watch close price to break 1.0673 support level for possible sell trade
• Trading Summary: bearish ranging

Resistance	Support
1.1029	1.0704
1.1494	1.0673