Possible sell area for EURUSD

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EURUSDH4

The EURUSD has been in a recovery mode mainly due to weakness in the US Dollar. I have marked the possible areas in yellow for traders to look for sell. The yellow area is the 1.1300 – 1.1179 area. If prices is not able to reject the yellow highlighted area, then I would be looking for the 1.1450 area to look for price rejection.

This year we would still see a continuity in the EURUSD sell trend.

EURUSDMonthly

From a higher time frame perspective we can clearly see that the sell trend is still intact and traders should look at 1.1200 as the sweet spot to look to sell EURUSD. EURUSD target should be the 1.0000 till 0.9500 area.