Sforex
Short

EURUSD: A break SMA200 will confirm for downtrend.

FX:EURUSD   Euro/U.S. Dollar
214 0 6
This week, market pays all attention on EZ with lot of important data : Markit PMI, IFO data, CPI             and GDP data which could trigger big move for Euro             .

While I bet on positive data for US side, I have negative view for Euro             .

Look at on the chart, EURUSD             is still fighting around the key level: SMA200 + Strong support at 1.1050

A break the support would bring E/U down to next support , likely the trend line I draw on the chart.

I think the break will happen this week.

I only SELL EURUSD             if it breaks 1.1050.

And looking for a good place to SELL around 1.1200, I think it is a good level to hit a SELL Limit Order.
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