Good day traders.
Italy announced yesterday that they would cut spending by 26 billion euros, despite their claiming of being safe from the Greek crisis. This has indeed stop the bullishness of the EURUSD pair thus adding more weakness to it.
On the H4 chart, its more weakness to be seen. This morning, the pair had initially tested the 23.6 resistance line but had not successfully break it. The 1.25000 line has proved to be a very strong resistance line recently. I believe it the price would ever break the line, it will push the pair higher. But, at this point, I can’t see the pair breaking even the 1.2400 line.
H4 and D1 RSI showed more bearish from this pair.
My strategy would be to sell below 1.23000 (which is now!) and targeting the 1.22500, 1.22150 and 1.21592. I will only buy if the pair break the 1.24000. Else, I prefer to sell.
Scridb filter 
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