EURUSD Sees Bear Pressure, Targets The 1.1867 Zone

  • EURUSD: With the pair seen closing lower on correction on Monday and following through on Tuesday, more decline is envisaged in the days ahead. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Its daily RSI is bearish and pointing lower suggesting further downside pressure. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. Below here will open the door for more weakness towards the 1.1750. All in all, EURUSD faces further downside on correction.

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  • We have drawn a range in the chart of USDJPY with trend line and analyzed it with Bollinger bands and RSI. According to the analysis we have got aware that within a short time sell signal is coming. To the sellers the entry point will be at 114.91 and the closing point is at 109.84.

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