EUR/USD
Euro/dollar was volatile last week, but overall still manages to retain the bearish signals, moving below the trend line of the resistance and below the 200 EMA, as seen on the hourly chart. My expectations are neutral for now. We see intraday support around 1.0565, with potential double bottom formation. A clear break below that area should trigger further bearish pressure testing 1.0500. Resistance for the day is 1.0605, whose breach could cause upside pressure testing the trend line resistance and the 1.0650 - 1.0700 region, which remains a good place for sales with tight stops losses over the trend line with target - 1.0500. The CCI(14) indicator also gives a strong signal for sales. Basically I stay in the camp of bears.
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