EUR/AMD - Euro Armenian Dram

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sell eur/amd

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Feb 29, 2016 3:15AM ET

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The EURUSD had a bearish momentum last week broke below the trend line support as you can see on my daily chart below. This can be seen as a bearish continuation scenario after formed shooting star formation. The bias is bearish in nearest term testing 1.0800. Immediate resistance is seen around 1.0960. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.0000 (visit my profile to get more details) I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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