This morning the euro showed a small upward bias. It is likely it will try to reach the 1.30 area. But looking at technical indicators, we note that this pair is under downward pressure. However, looking at the chart below we may notice that the Momentum Indicator has been driven below the bearish channel. We can see three attempts to break the bearish channel. Today it has tried to break it, but now it indicates a likely bearish movement. Therefore, we recommend selling at current price levels if the pair manages to close at four-hour charts below the 1.2877 fractal. It will be time to sell the pair with targets at 1.2602 in the medium term.
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