EURUSD today is currently sitting above 50 MA (Moving Average) showing some indecision in the direction.
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We recommend waiting for a confirmation before taking any action. Our preferred hint to go short on EURUSD is once the pair breaks the 50 MA. Failure to do so we expect the pair to continue higher and extending to 1.13049 which will lead the pair to higher levels.
You should consider also the release of Core Durable Goods Orders m/m in U.S Today which is expected to affect the direction of EURUSD.
RESISTANCE LEVEL: 1.13049
SUPPORT LEVEL: 1.12488
*Analysis based on the Hourly Chart
To see the the techjical chart please click here: TECHNICAL CHART
