EUR/USD Technical Analysis

On the daily chart we observe that the pair has declined for six days in a row and the dollar index reached its maximum annual values, rising above the level of 96.80.

A meeting of EU finance ministers will be held today, where future plans will be discussed. In part, the single currency rate is also affected by the Brexit negotiation status.

As of now, the pair has already updated four-month lows and is directed to the level of 1.1210.

Technical indicators point to a sale and we believe that the price will soon overcome the level of 1.1270 and go down. Therefore, we advise you to take short positions on the pair and consider as your goals the marks near the levels 1.1210 and 1.1180.