- EUR/USD has formed bearish engulfing pattern in weekly chart and this confirms short term weakness, a decline till 1.0465/1.0000 cannot be ruled out.
- The pair’s minor resistance is around 1.1060 and break above will extend gains till 1.1100/1.1140.
- The minor supports are 1.0800/1.0470.
It is good to sell on rallies around 1.1055-60 with stop around 1.1100 for the tarts of 1.0470/1.100.
The material has been provided by InstaForex Company – www.instaforex.com