Overview:
The EUR/USD pair has faced strong resistances at the levels of 1.1452 because this price formed a double top yesterday. So, the strong resistance has been already formed at the level of 1.1452 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the level of 1.1452, the market will indicate a bearish opportunity below the new strong resistance level of 1.1452. Moreover, the RSI starts signaling a downward trend, as the trend is still showing strength at the limit of the moving average (100). Thus, the market is indicating a bearish opportunity below 1.1452 so it will be good to sell at 1.1452 with the first target of 1.1330. It will also call for a downtrend in order to continue towards 1.1255. The daily strong support is seen at 1.1452. However, the stop loss should always be taken into account, for that it will be reasonable to set your stop loss at the level of 1.1506.
