Killy_Mel
Short

MACRO VIEW: EURUSD BREAKDOWN RISK

FX:EURUSD   Euro Fx/U.S. Dollar
EURUSD             has been trading laterally since mid-Arpil 2015, with price staying within the 1st standard deviation from its quarterly (66-day) moving average.

Currently there is apparent risk of breakdown: the price fell to the lower 1st standard deviation from the quarterly from within amid expanding volatility , measured by 3.2 st             deviations from the same mean.

If price breaks down below the 1st st             deviation (@ 1.0930) - there will be a very high probability of further downmove. The breakdown will be confirmed if the price falls below its relevant lows (@ 1.0880 and 1.0790)

The potential EURUSD             downtrend will come in line with the downtrend on WTI Oil             , with which EUR is correlated nowadays.
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