The Euro holds in red for the sixth straight day on Tuesday and focusing key support at 1.1186/76 (Fibo 61.8% of 2017/2018 1.0340/1.2553 ascend/ 2019 low posted on 7 Mar).
Strong bearish signals were generated on multiple close below 1.1240 Fibo support (76.4% of 1.1176/1.1448), boosted by daily MA’s multiple bear-crosses and daily momentum in steep fall.
However, bears may take a breather before final push through 1.1186/76 pivots as slow stochastic is turning up in deep oversold territory and suggests adjustment.
Initial offers lay at 1.1240, with extended upticks expected to remain below 1.1280 (falling 10SMA/broken Fibo 61.8% support) and keep bears intact. Sustained break below 1.1186/76 would unmask psychological 1.10 support.
Res: 1.1221, 1.1240, 1.1280, 1.1306
Sup: 1.1186, 1.1176, 1.1118, 1.1021
