EURUSD might be ready to drop lower from current price (1.1850) or from above 1.1915 levels. The currency has held above 1.1700 interim support until now, indicating a triangle underway since 1.1900 mark. If the above unfolds accordingly, EURUSD should push through 1.1915 high as a final thrust, before reversing lower again. It might drop lower towards 1.1740/50 to terminate the proposed triangle, before turning higher towards 1.1915. Looking to sell higher from 1.1940/50 mark, going forward.
Remain short, stop @ 1.1970, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Remain short, stop @ 1.1970, target is open.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.