- ETH/EUR has broken strong trendline support at 622, holds above 2H 110-EMA at 608 levels.
- The pair is extending downside for 2nd straight session, slips below 5-DMA at 651.
- Technical studies are turning bearish. RSI and Stochs are on verge of rollover from overbought levels.
- Break below 2H 110-EMA likely to see further downside. Scope then for test of 566.
- On the flipside, retrace and close above 5-DMA invalidates bearish bias.
Support levels - 608 (2H 110-EMA), 600, 590 (50% Fib), 566 (61.8% Fib)
Resistance levels - 650 (5-DMA), 694 (May 6 high), 700
Recommendation: Good to go short on rallies around 620/640, SL: 670, TP: 600/ 590/ 570
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: USD/CNY bears maintain upper hand 



