Sell EURUSD @ 1.1195. Take profit targets @ 1.1100 and 1.1070
Stop loss @ a close above 1.1250
On the 4 hours chart, the EURUSD reached the resistance level formed last week and it’s showing weakness as the RSI is diverging from the moving average around the 70 zone. Moreover, the pair formed a bearish engulfing pattern on the daily chart confirming that market participants are trying to push prices lower.