There are many reason why we feel EURUSD may sink. 01. It has not sustained quarterly buy level. 02. Bearish Engulfing pattern in daily Chart. 03. To rise and clear quarterly targets it has to come down to gain momentum for up move. 04. Stoch RSI (3,3,14,Close) clearly states the EURUSD may sink 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect EURUSD to sink. Our sell call shall be from sell bellow:1.1134 with a SL @: 1.1162 Tgt01: 1.1066 Tgt02: 1.1035 Tgt03: 1.0941. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
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We are expecting EURUSD to continue down trend still. Now that it has formed beaish engulfing on weekly chart. chances are bright now that our targets will be met.