Last week, the EurUsd closed with a bearish pattern around its EMA10. The daily trend is bearish, as the parity is seeking to find its monthly trend line in Orange. The parity will be heading towards 1.12740, with 1.12889 as a primary objective. The primary objective will be easily reached, should the EurUsd breaks out its 1.13234, support level.
The bearish market will be rejected should the EurUsd breaks out its daily resistance level around 1.14108, which breaking out will send it back towards 1.14481, having 1.14307 as a primary objective.
The daily Pivot Point is around 1.13588. The daily support levels are around 1.13230 and 1.12985. The daily resistance levels are around 1.13833 and 1.14191.
The bearish market will be rejected should the EurUsd breaks out its daily resistance level around 1.14108, which breaking out will send it back towards 1.14481, having 1.14307 as a primary objective.
The daily Pivot Point is around 1.13588. The daily support levels are around 1.13230 and 1.12985. The daily resistance levels are around 1.13833 and 1.14191.
