EURUSD Intraday Timeframe Analysis: Bearish Bias
The 4 hour timeframe of the EURUSD is presented here with price currently at resistance (~1.1096).
Price action is also currently hovering around the 200 moving average with the relative strength index (RSI) already oversold.
Selling is as a result favored over buying the EURUSD and a break below 1.1065 can be used as a conservative entry point.
Minimum profit target is ~1.0944
Price action is also currently hovering around the 200 moving average with the relative strength index (RSI) already oversold.
Selling is as a result favored over buying the EURUSD and a break below 1.1065 can be used as a conservative entry point.
Minimum profit target is ~1.0944
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