Monday, July 25, 2016

EUR / USD Bearish At 1.0960 range

EUR/USD bearish move on the range 1.0960 and is expected to further bearish to penetrate the support range 1.0911 to complete the movement of wave 3.

The euro traded at sideway movement bearish and yet show a reaction to the press conference the ECB decision and Draghi last week, even the Euro had strengthened against most of its major rivals in early European session on Friday last week, after data showed that the composite index of the eurozone flash purchasing managers dropped less than expected in July.


Technical Analysis
On the graph below the H4 can be seen one of the chances of a split which could help you taking trading decisions today.





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