EURUSD - Intraday - We look to Sell a break of 1.2159 (stop at 1.2181)
Bearish divergence is expected to cap gains.
Pivot support is at 1.2160.
Bespoke support is located at 1.2160.
Short term bias is bearish.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.2160, which will confirm the bearish sentiment.
Our profit targets will be 1.2101 and 1.2081
Resistance: 1.2200 / 1.2220 / 1.2240
Support: 1.2160 / 1.2130 / 1.2100
Bearish divergence is expected to cap gains.
Pivot support is at 1.2160.
Bespoke support is located at 1.2160.
Short term bias is bearish.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 1.2160, which will confirm the bearish sentiment.
Our profit targets will be 1.2101 and 1.2081
Resistance: 1.2200 / 1.2220 / 1.2240
Support: 1.2160 / 1.2130 / 1.2100
