EURUSD: Price continued to break lower

FX:EURUSD   Euro / U.S. Dollar
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Seems like nothing is stopping this pair in hitting parity at the moment. Price managed to once again break and form lower lows and lower highs. As the trend continue to be bearish , we as technical traders simply have to find entries opportunity to ride the trend.

Should price retrace back to the 1.0565 or 1.0645 region, it would be a good shorting opportunity. As long as price doesn't break above the 1.0680 level, the trend remains bearish . Immediate term profit target can be around the 1.0400 region.

I would love to hear your opinion, feel free to comment, agree or disagree.


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Hey akyong, I agree with you. Currently this pair is very bearish especially due to the strong U.S dollar. I did had some nice short trades that I took with this pair. I'll only be looking to short this pair until we get an indication of bulls entering the market. Thanks for sharing and Good Luck!!
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