EUR / USD: the pair stepped on the diagonal support, empowering customers to take the initiative.
Change of the short-term trend, higher top after breakthrough above 1.1261 and along shallow bottom, signaling a possible correction of the last downtrend.
Engulfing bar reversal movement, 5 period average over 13 period average but CCI is still below 0, which affected or could mean the beginning of the upward movement or correction to resistance levels.
First resistance 1.1304, just a break though above this level will signal a possible new upward movement.
Sentiment: Stock indices registered decrease, leading to growth of the euro as a defensive currency that we have seen 1 week ago.
Crossing price below 1.1261 will mean a new short, because many buyers will start to close positions and push the euro down.
Stefan D. Angelov - Head of Stocks Trading
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