Chart in Focus: Daily EURUSD
The daily EURUSD chart has been moving lower recently and after having broken and closed down past key 1.2800 support, we have a near-term bearish bias on this market. We would look to sell on a rotation higher back up to resistance, pending a price action sell signal. Note the resistance zone marked on the chart below, that would be a good area to watch for intra-day or daily chart signals if the market does move higher soon.
The daily EURUSD chart has been moving lower recently and after having broken and closed down past key 1.2800 support, we have a near-term bearish bias on this market. We would look to sell on a rotation higher back up to resistance, pending a price action sell signal. Note the resistance zone marked on the chart below, that would be a good area to watch for intra-day or daily chart signals if the market does move higher soon.
