Both MACD and STOCHASTIC are mixed it is hard to find the long term trend of EUR/USD currency pair.But in daily candlestick pattern we see DARKCLOUD COVER which shows Long Term bearish trend.
According Pivot Level EUR/USD are still above the Daily Pivot Level 1.3563.
R3 1.3769
R2 1.3666
R1 1.3622
DPV 1.3563
S1 1.3519
S2 1.3460
S3 1.3357
Continue to keep the following levels in mind for reactions; 1.3640 (2/1 close) and 1.3674 (100% expansion of 9/19-9/25 range). Channel resistance is right in line with the year to date high at 1.3711 . As long as the pair stands above the daily pivot at 1.3563 the pair stands on bullish bias UP to 1.3769. However breaking below 1.3563 traders could expect targets towards 1.3357 level.
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