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EUR/USD (Maybank) : The technical indicators are still signalling a decline of the Euro Dollar on Forex — Forex Stock Trade




EUR/USD (Maybank) : The technical indicators are still signalling a decline of the Euro Dollar on Forex




The technical indicators are still signalling a decline of EUR/USD on the Forex according to Maybank

«EUR/USD has rebounded, especially with the return of geopolitical tensions.

The momentum is clearly bearish on the daily chart remains intact, while the stochastic moves back.

We recall that a closing below the key support at 1.19 (moving average 21 days) should strengthen the bearish correction. The next support comes at 1.1810 (MM 50 days), prior to 1.1680.

The resistance is at 1.2040, before 1.21. «



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