alexkyp

EURUSD further downward potential ( SELL)

Short
FX:EURUSD   Euro / U.S. Dollar
1. The pair has formed and inverted triangle and is following a downward trend
2. The direction of trading is supported by the DXY upward trend
3. There is significant resistance above the current level of trading, both the 50 & 200 EMA are trading above the current price supporting a downward move