19, May 2017

EUR/USD

Current situation

The euro momentum began to fade when the pair touched 1.1150. The price edged lower and returned below 1.1150 in the mid-Asian session. The major remained offered in the morning staying near local lows during the first part of the day. The resistance is at 1.1150, the support comes in at 1.1100.

Trading recommendations

In the 4 hours chart, the technical picture favors a downward correction. Bears focused at 1.1100 now.