EURUSD under pressure , Resistance 1.3794 !

EURO-Dollar-min

As shown on the 4 hour chart below; bearish reversal pattern almost completed , support is at 1.3741 levels , sustained trading below this level would open 1.3542 levels before the next possible rise, losing 1.3542 would open 1.3400 levels.

On the upside, resistance comes at 1.3794 levels, sustained trading above this level would open 1.4025 levels, break of 1.4025 would target 1.4280 levels.

Overall, the pair will remain under pressure with risk to the downside towards 1.3542 as long as 1.3794 holds , above 1.3794 will reverse risks to the upside towards 1.4025 levels.

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