EURUSD extends weakness from the 1.1435 high (June 18, 2015) to a new 5-week low at 1.0916 Tuesday (July 7, 2015), signaling return of broad downtrend and expose the 1.0866/1.0818 support zone next. The 1.1090/1.1120 resistance zone (as shown on the 240minute chart) should cap bounces. Only a decisive break through 1.1120 would relieve.
Outlook:
Short term: bearish
Long term: bearish
Outlook:
Short term: bearish
Long term: bearish
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