EURUSD: Short term Sell opportunity within the Channel Down.

EURUSD holds no surprises as it is extending the Channel Down (RSI = 45.799, MACD = -0.001, Highs/Lows = 0.0000) we mentioned last week on this buy call:


With the pattern intact, we are bearish again towards 1.0990 on the short term, on a perfect symmetrical level as you see on the chart, an ideal technical extension of the Head and Shoulders posted 2 weeks ago:


At the same time we remain bearish on the long term (TP = 1.08900) as well as the dominant trend is still a Channel Down on the 1M chart:




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