EURUSD - Retracement, continuation of down trend.

Euro Fx/U.S. DollarFXCM

Description

⋅ Jan 6, 2015 7:13 PM

Price moving in the channel drawn on the chart.

Price is respecting the bottom trend line, we could see a 50/61.8 retracement to the top of a channel, followed by a continuation of the down trend.

Neutral, for now.

USD (US Dollar)retracement pause fib