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Beirut 05:44 am Paris 05:44 am New York 11:44 pm
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EUR/USD January 08, 2016

EURUSD attempted to incline, but it started to edge lower again, touching 50% Fibonacci at 1.0785, which will be a decisive level.

ADX shows some kind of positivity, while RSI bounces from 50.00 and all what we need is, witnessing a break below 1.0720 to activate the bearishness again.

As far as 1.0855 holds, we are bearish.

Support: 1.0720 – 1.0675 – 1.0630

Resistance: 1.0785 –1.0850 –  1.0890

 

Direction: Bearish below 1.0720