Analysis by ForexRoyals
Currency: EUR/USD
Trend Expected Direction: Down.
Method: Resistance and Support levels, Pivot points.
Description: we can notice that the EUR/USD is under the Pivot point ( 1.3170 ) and the currency pair just could not break it through , we expect more downtrend towards 1.3120 the first support level and a breakthrough will confirm more downtrend till 1.3095.
Action: Best action is to sell under the Pivot point.
Target Area: First target 1.3120, second target 1.3095.
Stop Loss: Above the pivot point, 1.3250.
