Hi traders 
Today, the EUR/USD prices reached the 1.3064 level to cover the Sunday gap.We notice on the 4 hours chart, that the stochastic
indicator has entered in an overbought step which reflects the downward trend of the market and today we expect it will form the second bottom at the 1.2954 level, then it will witness some up corrections towards the 1.3075-1.3090 area, however if the prices breach down the 1.2954 level , this will confirm the downward movement of the prices and the next target would be towards the 1.2906 level .
As for the key resistance level,it lays at 1.3038.
Good luck
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
Today, the EUR/USD prices reached the 1.3064 level to cover the Sunday gap.We notice on the 4 hours chart, that the stochastic
indicator has entered in an overbought step which reflects the downward trend of the market and today we expect it will form the second bottom at the 1.2954 level, then it will witness some up corrections towards the 1.3075-1.3090 area, however if the prices breach down the 1.2954 level , this will confirm the downward movement of the prices and the next target would be towards the 1.2906 level .
As for the key resistance level,it lays at 1.3038.
Good luck
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter