EUR/USD analysis

[Billy Jury]

We are looking that EURUSD market is under the moving average. It has gone up for many pips and now it started coming back and hopefully it will keep coming down and touch at the trend line point. To the sellers the entry point is at 1.2209 and the target point is at 1.2125.

 

[Diễm Phúc]

Thank for information!

[BillyR]

Considering that yesterday’s drop came to around 150 pips, a good initial target for buyers would be to return to the trend line at 1.2358 in live currency rates. If the daily candlestick closes above 1.23, this would create a buy signal. If the hour closes below 1.2238, however, this will scupper any growth prospects.