The pair found renewed bearish momentum after breaking support at 1.0925 and is declining downwards to test next support level at 1.0875.
- The pair is trading around 1.0899 levels and it is expected decline further towards 1.0850 and 1.0800 levels in the short term.
- Short pullback around 1.0900 should be taken as selling opportunities, as Euro is weaker against the US dollar in intraday trading.
- To the upside, the strong resistance can be seen at 1.0981, a break above this level would take it to upside to next resistance level at 1.1000 handle.
- To the downside immediate support can be seen at 1.0875, a break below this level will take the pair to next level at 1.0840 levels.
Recommendation: Go short around 1.0900, targets 1.0850, 1. 0800, SL 1.1000
Resistance Levels
R1: 1.0925 (50% Retracement level)
R2: 1.0981 (23.6%Retracement level)
R3: 1.1016 (July 21st high)
Support Levels
S1: 1.0875(38.2% Retracement level)
S2: 1.0840 (Aug 5th lows)
S3: 1.0812(23.6% Retracement level)


FxWirePro: GBP/AUD drifts lower, could be on verge of bigger drop
FxWirePro: USD/CAD slips below 1.3600 level, vulnerable to more downside
Ethereum Under Pressure: ETHUSD Tests Critical Support as Market Momentum Fades
Bitcoin Bull Run 2.0: Institutional Giants Propel BTC Toward the 90,000 USD Frontier
FxWirePro- Major Pair levels and bias summary
Aussie Retraction: AUDJPY Slumps as Yen Pullback Gains Traction
FxWirePro: AUD/USD treads water ahead of Reserve Bank of Australia’s rate decision
Yen Resurgence Stalls the Kiwi: NZDJPY Tilts Bearish as Resistance Holds
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY biased higher but rally currently stretched
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: USD/ZAR gains upside momentum as bulls take charge 



