DAILY CHARTS OF EUR/USD PAIR
- EUR/USD is trading close to its 50 day moving average.
- It coincides with a resisting trend line too so good place to short here.
- Even if it break above, The the daily ichimoku cloud which has been holding euro below it since it broke down below 1.47 is a resistance too large to break.
- So if the pair has to reverse all the three above resistance has to be broken.