EUR/USD - Sell On Higher Level Strategy

Pivot Points
 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2368	1.2396	1.2436	1.2464	1.2504	1.2532	1.2572
GBP/USD	1.5584	1.5638	1.5674	1.5728	1.5764	1.5818	1.5854
USD/JPY	114.82	115.06	115.41	115.65	116.00	116.24	116.59
USD/CHF	0.9553	0.9586	0.9610	0.9643	0.9667	0.9700	0.9724
AUD/USD	0.8578	0.8624	0.8673	0.8719	0.8768	0.8814	0.8863
EUR/GBP	0.7826	0.7852	0.7896	0.7922	0.7966	0.7992	0.8036
USD/CAD	1.1214	1.1255	1.1311	1.1352	1.1408	1.1449	1.1505
NZD/USD	0.7744	0.7791	0.7836	0.7883	0.7928	0.7975	0.8020

The secondary trend of EUR/USD is pessimistic, from past few mercantilism sessions, the combine is sustaining on the falling trend line with a negative bias, if it breaks the trend line at 1.2420 levels, we will expect it to check the extent of 1.2390/1.2365 draw back. costs are taking the resistance from thirty SMA & two hundred SMA supporting the draw back movement within the combine. RSI is sustaining in commercialism territory indicating the pessimistic sentiment within the market. MACD line is additionally near to break the zero line, supporting identical.

 

STRATEGY:

For Today, EUR/USD is trying weak on chart. we are able to expect draw back movement for few future session. One will choose sell on higher level strategy for this try for intra day to middle term positions.

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