EURUSD forms bearish engulfing pattern,targets 1.047/1.000
EUR/USD has formed bearish engulfing pattern in weekly chart and this confirms short term weakness, a decline till 1.0465/1.0000 cannot be ruled out.
The pair's minor resistance is around 1.1060 and break above will extend gains till 1.1100/1.1140.
The minor support are 1.0800/1.0470 .
It is good to sell on rallies around 1.1055-60 with stop around 1.1100 fothe tarts of 1.0470/1.100.
The pair's minor resistance is around 1.1060 and break above will extend gains till 1.1100/1.1140.
The minor support are 1.0800/1.0470 .
It is good to sell on rallies around 1.1055-60 with stop around 1.1100 fothe tarts of 1.0470/1.100.
