Eur is looking weak across all pairs. Although this pair has not broken last Low of 1.33700 yet. I'm bearish on this pair for below reasons.
Pair couldn't break past monthly resistance level @ 1.38.
Double top is created on weekly chart at 1.38 level.
Bearish breakout bar of last week clearly indicates change in direction. You can see same bearish breakout bar on EUR/GBP, EUR/AUD, EUR/NZD, EUR/CAD.
Although I'm long on this pair from 1.36100 level. I will be looking to close my longs at 1.36700 and enter short at same level for a target of 1.33800.
Pair couldn't break past monthly resistance level @ 1.38.
Double top is created on weekly chart at 1.38 level.
Bearish breakout bar of last week clearly indicates change in direction. You can see same bearish breakout bar on EUR/GBP, EUR/AUD, EUR/NZD, EUR/CAD.
Although I'm long on this pair from 1.36100 level. I will be looking to close my longs at 1.36700 and enter short at same level for a target of 1.33800.
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