Analysis by: ForexRoyals
Currency: EUR/USD
Trend Expected Direction: Down.
Method: Resistance and Support levels , Pivot points.
Description: We see that the EUR/USD is under the Pivot point ( 1.3140) and above last week's low 1.3080. Expect more downtrend towards 1.3095, the first support level and a breakthrough will confirm more downtrends until 1.3070.
Action: Best action is to sell under the Pivot point.
Target Area: First target 1.3095 , Second target 1.3070.
Stop Loss: Above the Pivot point , 1.3230.
