Tayal Smith
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EURUSD 4 hour chart

The secondary trend of EURUSD is sideways on charts. In its 4 hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias below its rising trend line to give break out at downside. Its 30 and 200 DMA are also supporting the upcoming bearish trend in the pair. It is sustaining above its important support level of 1.1180. If it breaks its support level at downside then we can expect it show further bearish movement in the pair.

INDICATORS:-

MACD is sustaining in selling territory indicating the upcoming bearish trend in the pair.

STRATEGY: EURUSD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions.