swissmoneymakers

EURUSD - From one Level to another - Swing Trade

Short
swissmoneymakers Updated   
FX:EURUSD   Euro / U.S. Dollar
Hi Traders!
The market is in a downtrend!

As you can see there are is coming a Trendline from above.
It is a descending Trendline which is also a Resistance.

Furthermore, the market is no in a consolidation.
This consolidation occured after the breako of the Support-Trendline.

Because of:
- The descending Trendline
- The pressure of the 200MA
- The recent momentum (see at the last tree candles)

we recommend to trade the breakout downwards.


Thanks and successful Trading :)!
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