EUR is trading in bearish trend
from last couple of weeks. Weekly RSI
has completely diverged from the downward price move. Pair is trading near 61.8% retracement
of 1.2565 to 1.03 which comes at 1.1175. Pair can bounced from Golden ration citing positive divergence on RSI
. Fresh short bet should be made only on close below 1.11. Buy can be initiated at current level with stop loss 1.1080 for target 1.14 -1.17 on higher side.