EURUSD - Intraday - We look to Sell at 1.2068 (stop at 1.2087)
Short term bias has turned negative.
Previous support, now becomes resistance at 1.2080.
Pivot resistance is at 1.2080.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
20 4hour EMA is at 1.2061.
The trend of higher intraday lows has also been broken.
Our profit targets will be 1.2014 and 1.1984
Resistance: 1.2050 / 1.2080 / 1.2100
Support: 1.2030 / 1.2000 / 1.1980
Short term bias has turned negative.
Previous support, now becomes resistance at 1.2080.
Pivot resistance is at 1.2080.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
20 4hour EMA is at 1.2061.
The trend of higher intraday lows has also been broken.
Our profit targets will be 1.2014 and 1.1984
Resistance: 1.2050 / 1.2080 / 1.2100
Support: 1.2030 / 1.2000 / 1.1980
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