Technical market overview:
The EUR/USD pair has almost hit the technical support at the level of 1.1176, but the low was made at 1.1183, a7 pips away from the target level. Nevertheless, the bunce looks weak so far, so there is still a chance for the bears to push the prices towards the target level.
Weekly Pivot Points:
WR3 - 1.1404
WR2 - 1.1365
WR1 - 1.1280
Weekly Pivot - 1.1244
WS1 - 1.1156
WS2 - 1.1125
WS3 - 1.1041
Trading recommendations:
The short-term trend remains bearish ant the target is still seen at the level of 1.1176, so the sell orders should be kept open until the target is hit.
