Technical Forecast for EUR/USD

EURUSD resistance at 1.2955/65 but above here we could test the 200 day moving average at 1.3020. We should struggle here with a high for the day likely so we could exit longs & try shorts with stops above 1.3070.

 

Immediate support is 1.2900/90 which could hold the downside as the short term & daily chart

both look much more positive. However below here look for 1.2850/40. We should bounce from here but if we continue lower watch for a test of 1.2800/775 May lows & 6 month trend line support & a low for the day. Exit shorts & try longs with stops below 1.2740.