EURUSD Trade Idea

EURUSD Trade Idea

27 May 2019 01:01 PM

As per the hourly chart, bears seems taking charge - the pair was overbought and now moving downside. Momentum Indicators are signalling bearish move in this pair- Stochastic slow is giving bearish crossover signal, moving downward from overbought territory and RSI is at 48 which is downtrend zone(30-50). MACD is also giving Bearish Crossover signal.

Our Preference- Sell at 1.1200

Target- 1.1180

Stop loss- 1.1210