I am a dollar bull and a Euro bear, so I will be looking to sell this pair as technically analysed below.
EurUsd Daily Chart
Price opened between the monthly pivot and MM2, a bull buy zone. It has since broke through what was then resistance and found a resistance level at 1.077. Even though the market action moving averages are flat, price can retrace down for a retest at the role reversal.
EurUsd H4 Chart
Price had been ranging for most of the week until it broke the downside of the range. A pull back up to WM3 at 1.0708 is where bears will be looking for selling opportunities.
EurUsd H1 Chart
The daily pivot coincides with the WM3 on the H4 chart. With the 21 in mind, I will be looking to sell once price retraces up to 1.0700
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