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EUR/USD Daily analysis
I will post my daily analysis of EUR/USD pair in this thread. and also i welcome other user to views their analysis here. Together with the help of each other we will have profitable trades, hopefully.The pair tried to recover from last week's strong rejection of 2-years high 1.3950 level. It showed some bullish signs in last two trading days but there is a strong psychological resistance ahead at 1.3900 level. if the pair breaks over this resistance it will open the door for 1.42 level.
On the downside break below 1.3760 level will confirm the bearish run towards 1.3500 level.
I think bears will take charge and pair will move down to 1.35 level.
The pair confirmed this morning a small reversed S_H_S formation in the hourly chart starting a small correction that should confirm a test of the 200 hours line at 1,3172!! The closing last night was also positive forming a positive day reversal. Only a daily closing tonight above 1,3138 will confirm a s/t bottom! The indicators of the daily chart are still well negative and oversold but those of the s/t charts are positive supporting a rebound. An hourly closing above 1,3145 will support the extension of the rebound!
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