- EUR/USD opened Asia 1.0965, price action was rejected at cloud top by 1.098, currently trades at 1.0956
- USD recovered some lost ground in Asian trading session and EUR/USD edged lower to 1.0950
- Lack of data and events in the euro bloc leaves investors to maintain the current sideline pattern
- Negatively aligned Tenkan & kijun lines and bearish Stochs crossover highlight the overall bearish bias
- Immediate resistance is seen at 1.0981 (Tenkan-Sen), while support is seen at 1.0950 (21-Day MA)
R1: 1.0981 (Tenkan-Sen)
R2: 1.0988 (Daily High Aug 4)
R3: 1.0996 (Daily High Aug 3)
Support levels:
S1: 1.0950 (21-Day MA)
S2: 1.0900 (Psychological Level)
S3: 1.0855 (Daily Low Aug 7)
