EUR/USD: Short bias (Thursday 10th August 2017). Short

EUR/USDOANDA

Description

⋅ Aug 10, 2017 8:03 AM

The market is in a downtrend, creating a new lower high yesterday at 1.17700 (50% FIB level). My bias is further downside movement at previous support and resistance level at 1.16591 (60 pip target from current market price).

Trend Analysis