ForexTrendline

When should we expect the next drop on EURUSD

FX_IDC:EURUSD   Euro / U.S. Dollar
The downtrend on EURUSD is still in play and we're yet to see the next drop.

Later on this week, we have important news for the USD and it's very likely that there won't be any big moves before that.

That's why we're looking at 1,1370-1,1420 as our sell zone. I'm not expecting anything before Wednesday.

We will analyze this instrument every day and we will be looking for selling opportunities.

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