EURUSD Sell Opportunity

The weekly chart gives a trend reversal signal based on a bearish divergence. The daily chart supports the downward movement by falling swing highs. MACD histogram gives a bearish signal. DMI does not confirm the power of bulls. If the price breaks the support zone formed by SMA50 and the uptrend line, it will be a new sell signal. Entry level is 1.22480 with stop orders at 1.25300 level. Profit targets are 1.20000 and 1.16000 support levels.