EURUSD Daily Chart : Downside Pressure (Refer Previous Chart)

FX:EURUSD   Euro / U.S. Dollar
39 0 1
Preference short positions below 1.1720 with targets at 1.0450 & 0.9600 in extension.

Above 1.1720 look for further upside with 1.2300 & 1.2850 as targets.

The pair has broken below a rising trend line in place since 2005 and then posted a pull back on the resistance at 1.1720 before validating a bearish flag . Next targets are set at 1.0450 and 0.96 in extension.

Risk management in priority.
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