Currency analyst

EUR/USD: bears keep advancing

On the daily chart EUR/USD, as expected, renewed minimum of the doji bar, which led to continuation of the downtrend. The sentiment remains bearish. Risks of decline towards 1.1110 and 1.1070 are significant. The nearest resistance levels are close to 1.1175 and 1.1206.   

On H1 the bulls managed to hold at the lower border of the widening wedge. If the pair renews yesterday's low, the pair will keep moving down towards 1.1115 and 1.1080. Use advance towards 1.1206 to sell the euro against the US dollar.


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