ForexTrendline

EURUSD expectations for this week

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
We analyze EURUSD every day. During last month, price was trading in a range without making any major moves on the lower timeframes,
therefore we don't have any decent trading opportunities.

However, we should see a clear direction soon and we will try to get in at the right moment.

That's why we move up to the H4 timeframe where we could see things a bit better.
We're trading in a clear downtrend and below a resistance zone.

We also expect to see market reaching that zone and possibly rejecting it. This is what we will use as our entry.

Targets will be a breakout of previous low at 1,1190!

Follow us, to see the development!

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