We have moved from our negative neutrality and as we have mentioned in our previous report, a probability appeared that this pair might be in continues bullish technical combination. We find that the EUR/USD pair is closer to resistance at 1.3406 and the stochastic indicator shows a negative signal. But at the same time, the downtrend trend line indicators are bullish and represent support levels around 1.3330. Therefore, we are sticking to neutrality today, as the return risk levels are not appropriate at these levels, and we need to confirm the completion of the continues technical combination and repeal it.
Trading levels for today could be between the main support at 1.3255 and main resistance at 1.3505. The short term general direction is bearish targeting 1.1865 price, as long as the 1.3350 level is holding. According to the chart, we think that staying neutral until we can see a direction confirmation signal, could be suitable.
