Sforex
Short

EURUSD: Trading below Kumo. 1.0650 is the next

FX:EURUSD   Euro Fx/U.S. Dollar
514 1 6
EURUSD             test the support at 1.0830

Next target: 1.0650

I see EURUSD             trade below Kumo cloud for the first time since April 27, 2015

I think this is a clear signal for a stable bearish trend .

It's very difficult for a break above Kumo cloud unless there is a strong momentum .

Moreover, I see a strong arguement for the down :

- Look at on the chart: Three consecutive bearish candlesticks

That why I believe EURUSD             will continue to go down next week.
bilk29
2 years ago
thank you
Reply
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