EURUSD got nice momentum this year (2017) followed by a monthly divergence, accelerated in a multi-month bullish channel with new tops and lows. Momentum is slowing on higher time frames, i am expecting a deeper retreat over the coming weeks or so. For now i am looking EURUSD to pullback (a short lived bounce) to leave a lower top to then start of fresh falls towards 1.1425 (a prior support and 38.2% retracement area).
Strategy: Short on a pullback around 1.1827-95 for a target to 1.1625 and then 1.1425. Place a wider stop above 1.2035
Strategy: Short on a pullback around 1.1827-95 for a target to 1.1625 and then 1.1425. Place a wider stop above 1.2035