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EURUSD Technical analysis 15 August 2018

2018-08-14 11:00 pm | Resource: Technical Analysis | No Views : 97

Time frame Used - four hours
The EURUSD is moving in a bearish direction in the near term
EURUSD CHART
The bears was able to control the movement of the EURUSD pair to dropped to level of 1.1330
Look at technical indicators
Both the RSI and the Stochastic are indicating the Yen
Accordingly, we expect that  the EURUSD will  test the levels of  1.1361 - 1.1431 again
  The alternative scenario is that  the EURUSD retreated to levels of  1.1270-1.1126 again
Resistance: 1.1361 - 1.1431 - 1.1529
Support: 1.1270 - 1.1108 - 1.1019
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