Technical analysis for EURUSD.
EURUSD - Daily
Market (21/55) is converging. Price (5/8) is converging. Stochastic is moving up. Support at 1.055, 1.05 and MM1/1.035. Resistance at MPP/1.07, MM3/1.08 and MR1/1.09.
EURUSD - H4
Market (55 above 21) is flat. Price (5 above 8) is bullish. Stochastic is almost at over bought. Price is making a higher high and it looks like the bulls are aiming for the weekly profit zone, WM4. As a bear on the Euro, I will look at the following resistance levels for possible sell entries: MMP/WM4/1.07 and WR2. I will wait for price to make a lower low before selling this pair.