The EUR/USD is trading below the downward trend line on a 60 minute time frame. The pair is trading in a symmetrical triangle pattern and these patterns are ranked on the bottom of the pattern recognition chart because of their unreliable price projection. The pair is trading below the 50dy (shown in red) and the 100 day (shown in green) moving average which means that the trend is towards the downside. The MACD indicator is also biased towards the downside and it is showing that the selling pressure is not fading away.
The RSI indicator is trading near the oversold zone and this means that the bias could be towards the upside.
Resistance Levels
1.3699-1.3673 Major
1.3549-1.3521 Minor
Support Zone
1.3320-1.3292 Minor
1.3325-1.3228 Major
Disclaimer: The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.