Intraday technical levels and trading recommendations for EUR/USD for September 7, 2018
The EUR/USD pair is currently trapped between the depicted technical levels (1.1750 – 1.1500). Breakout movement should be anticipated.
Bearish breakdown of 1.1520 is needed allow further bearish decline towards 1.1420. Next bearish target would be located around 1.1275.
For the major reversal pattern to be confirmed, a quick bearish breakdown below 1.1420 will be needed to gain enough bearish momentum.