Today EURUSD has traded down. As there was a bearish week, so, a downward trend is probable for a couple of weeks and a sell signal is observable on the chart.
The support (S3) rests at 1.20090 with resistance (R3) at 1.20360. The pivot point at 1.20220 is located between the S3 and the R3 lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is above EMA of 200 and reached to the EMA of 100.
Stochastic is moving near the level of 20, the RSI is going to reach level of 30 and the ADX is not showing any clear signals. The MACD indicator is in negative territory.
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