Technical Analysis for EURUSD.
EURUSD - Daily
Market (21 above 55) is bullish. Price (5 above 8) is bullish. Stochastic is overbought and starting to move down. Price is at resistance MM4/1.085 and failed to move past 1.09. Support is at MPP/1.06.
EURUSD - H4
Market (21 above 55) is bullish, Price (5/8) is converging. Stochastic is moving down. Resistance at 1.09. Support at WM3/1.08 and also be careful of the 21EMA that serves as dynamic support. Price is in an uptrend and I would look for a reversal pattern before selling this pair. Reversal patterns I would be looking for: Price to bounce of WPP and find resistance at WM3/1.08 for a head and shoulders, Price to come off 55EMA for a double top or Price to start making lower lows and lower highs.