EURUSD - Range-bound rally capped by 1.1000 resistance
EURUSD - Intraday - We look to Sell at 1.0990 (stop at 1.1025)
The initial dip was bought in to and follow through bullish momentum resulted in a positive daily performance being posted. Previous resistance located at 1.1020. Selling posted in Asia. Price action continued to range between key support & resistance (1.0715 - 1.1020) and we expect this to continue. The bearish engulfing candle on the 4 hour chart is negative for sentiment. Preferred trade is to sell into rallies.
Our profit targets will be 1.0885 and 1.0855
Resistance: 1.0996 / 1.1008 / 1.1020
Support: 1.0900 / 1.0885 / 1.0852
The initial dip was bought in to and follow through bullish momentum resulted in a positive daily performance being posted. Previous resistance located at 1.1020. Selling posted in Asia. Price action continued to range between key support & resistance (1.0715 - 1.1020) and we expect this to continue. The bearish engulfing candle on the 4 hour chart is negative for sentiment. Preferred trade is to sell into rallies.
Our profit targets will be 1.0885 and 1.0855
Resistance: 1.0996 / 1.1008 / 1.1020
Support: 1.0900 / 1.0885 / 1.0852
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