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Intraday technical analysis of EUR/USD

EURUSD held 1.2890/80 & Monday’s low at 1.2830 in the downtrend so the same levels apply for today. We run in to resistance today at 1.2890/80 but if we push through 1.2902 look for 1.2945. We can look for a top here & try selling short with a stop above 1.2970. Next resistance is at 1.3015/20 for trying shorts again. Support at 1.2845/30 but below here we could sink further to 1.2795 & then 1.2745/35. If prices were to continue lower we should test 1.2690/80 support.

Jason Sen
Daily Technical forecasts US, Europe & Asia
Equity Index, Commodities, Forex & Fixed Income
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