MORE SHORT COMING FOR EURUSD:
After the Us dollar regained some strength last week and the EUR/USD made a structural break of the uptrend, it is now testing the former support from below.
EURUSD broke and closed below a support line of a rising wedge pattern on a bigger timeframe.
The breakout is confirmed now and after two weeks of consolidation, we finally can confirm that the market is bearish.
Now I expect a decline to 1.207/1.20 levels.
After the Us dollar regained some strength last week and the EUR/USD made a structural break of the uptrend, it is now testing the former support from below.
EURUSD broke and closed below a support line of a rising wedge pattern on a bigger timeframe.
The breakout is confirmed now and after two weeks of consolidation, we finally can confirm that the market is bearish.
Now I expect a decline to 1.207/1.20 levels.
