Edion_C

EURUSD daily

Short
FX:EURUSD   Euro / U.S. Dollar
4
Currently Eurusd is struggling at the 200day ma 1.1092. With 1.11 being a strong support over the past 2 years it may be a good place to short, support now being new resistance. But a safer trade may be to wait for a daily close below 1.10 and possible retest if your conservative. A close below 1.10 would expose the strong support at 1.0800 A possible first target could be the brexit low of 1.0911.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.