FXHighway

EURUSD resumes the bearish trend

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
Target: 1.1185
Risk: 1.1520

Technical reasons:

The EURUSD pair consolidated below the descending channel’s resistance, and declines to achieve our first target at 1.1340, waiting for more decline towards 1.1185.

Surpassing 1.1520 will stop the expected decline and push to turn to rise.

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.