Sasha Singh
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EURUSD : Bearish Trend Confirmed

(EURUSD : 4 Hour Chart)

100 day SMA today on EURUSD chart is signaling something. The pair is trading within a narrow sideways range since Tuesday last week. There seems a downside risk on the pair as 100 day SMA has just now crossed the 200 day SMA to move down giving a bearish signal and that the pair will break the support at 1.3695 and decline. 

On the Stochastic Oscillator the %K line is above the %D line which confirms the continuation of downtrend and there is no sign of change in trend currently.