Hi guys,
Today,The EUR/USD prices steadied around 1.2370 and its SMA (50) form a strong resistance at 1.2400. The Stochastic and the CCI (14) Indicators are currently leaving the overbought territory, signaling more downside is expected and prices may face support at 1.2220 if 1.2320-level is breached.
Support 1: 1.2315
Support 2: 1.2241
Resistance 1: 1.2400
Resistance 2: 1.2460
Nice trading all
Source mbcfx.com
Today,The EUR/USD prices steadied around 1.2370 and its SMA (50) form a strong resistance at 1.2400. The Stochastic and the CCI (14) Indicators are currently leaving the overbought territory, signaling more downside is expected and prices may face support at 1.2220 if 1.2320-level is breached.
Support 1: 1.2315
Support 2: 1.2241
Resistance 1: 1.2400
Resistance 2: 1.2460
Nice trading all
Source mbcfx.com