EUR/USD Under Bearish Pressure |

Type: Bearish Reversal

Key Levels: Resistance: 1.1419, Pivot: 1.13683 and Support: 1.13097

Preferred Case: With moving below the Ichimoku cloud, we have a bearish bias that price will from our pivot at 1.13683 which is in line with horizontal swing high resistance and 38.2% Fibonacci retracement to 1st support at 1.13097, which is in line with horizontal swing low support.

Alternative Scenario: Alternatively, the price may break pivot structure and head for 1st resistance at 1.1419, which coincides with horizontal swing high resistance and 61.8% Fibonacci retracement.

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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