Technical outlook and chart setups:
The EUR/USD is mostly unchanged from yesterday trading around the levels of 1.1040/50 levels at the moment. Please note that the pair might finish its first major leg down from 1.1495 to 1.1000 yesterday. A counter-trend rally could materialize soon towards at least 1.1140.50 and up to 1.1320 before it could resume a downswing. It is hence recommended to remain flat. An aggressive setup is to be long with risk below yesterday’s lows. Immediate support is seen at 1.1000 (interim) followed by 1.0850 and lower, while resistance is seen at 1.1140/50 and higher.
Remain flat and sell on counter-trend rallies.
The material has been provided by InstaForex Company – www.instaforex.com