I like to share with you this report about the eurusd pair. It is coincident with my analisis!
EUR/USD
The selling pressure is beginning to impact on the euro once more. Yesterday we saw a breakdown of the support at $1.0712 which took the pair to a new 3 week low, but more importantly now suggests that the rebound that we had seen in the wake of the latest FOMC meeting is coming to an end. The fact that the breakdown yesterday came in the session following a slightly hawkish set of FOMC meeting minutes should also not go unnoticed. The technical momentum indicators on the daily chart are certainly now beginning to deteriorate, with the Stochastics falling and at their lowest in three weeks. However we are yet to see confirmation across the board with the MACD lines yet to complete a bearish cross and the RSI just holding up. Watch the intraday hourly chart for an opportunity to sell now. With plenty of overhead supply in the band between $1.0712/$1.0800 now in place any rally intraday should be seen as a chance to sell. I expect that there will now be a move back towards a test of the low at $1.0612 before further losses towards the key low at $1.0456.
http://www.hantecfx.com/market-research/wp-content/uploads/2015/04/EURUSD-10042015.png
https://www.mql5.com/en/signals/71641
