Yesterday, the EurUsd closed in a doji pattern around the upper end of its major resistance area, which consists of its EMAs, its 1.12239 support level, which was a resistance level a couple days ago, and of its Old trend in Orange.
The parity will seek to join its New Blue Bearish Trend, should it breach 1.12812, with 1.13273 as an objective, and 1.12948 as a primary objective.
Breaching 1.11941 will send it back to 1.11118, with 1.11646 as a primary objective.
If in the coming days the Parity succeeds in rallying to its 1.13373, the chart would suggests a descending triangle with the 1.11118 support level as the triangle base and the blue trend line as its hypothesis.
The daily Pivot Point is around 1.12812. The daily support levels are around 1.12 and 1.11535. The daily resistance levels are around 1.12871 and 1.13277.
The parity will seek to join its New Blue Bearish Trend, should it breach 1.12812, with 1.13273 as an objective, and 1.12948 as a primary objective.
Breaching 1.11941 will send it back to 1.11118, with 1.11646 as a primary objective.
If in the coming days the Parity succeeds in rallying to its 1.13373, the chart would suggests a descending triangle with the 1.11118 support level as the triangle base and the blue trend line as its hypothesis.
The daily Pivot Point is around 1.12812. The daily support levels are around 1.12 and 1.11535. The daily resistance levels are around 1.12871 and 1.13277.
