Lower prices expected on EURUSD

EURUSD - Intraday - We look to Sell at 1.0496 (stop at 1.0542)

1.0380 continues to hold back the bears. We look for a temporary move higher. Resistance is located at 1.0500 and should cap gains to this area. We expect a reversal in this move. Preferred trade is to sell into rallies.

Our profit targets will be 1.0382 and 1.0350

Resistance: 1.0500 / 1.0780 / 1.1470
Support: 1.0380 / 1.0200 / 1.0100

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