By: Forex Royals
Trend Expected Direction: Downtrend.
Method: Resistance and support levels.
Description: The EUR/USD is currently below 1.2550, which considered to be a strong resistance level. We estimate that the currency pair will keep its downtrend and reach the support line at 1.2505.
Action: Best action is to sell at 1.2550.
Target Area: First target 1.2505 second target 1.2465.
Stop Loss: 1.2595.