germanbel
Long

EURUSD: Correction Down Ongoing

FX:EURUSD   Euro / U.S. Dollar
I share my forecast.

Regarding last week forecast, price is following the prediction of selling over resistance 1,2260 for a correction down.
Levels for this week are on the chart.

STRATEGY: Although the pair is in an uptrend, hold shorts towards profit target 1,2120 or closely. If pair turns round before and breaks resistance 1,2310 open longs towards 1,2400/1,2435. Once the price enters in the buy zone, try longs with stop loss at 1,2040. If price breaks 1,2040, uptrend will end and drive the price towards 1,1890.

Hope this forecast helps you to match it with your analysis.

Remember to do your homework and take your own decisions.
Comment: FORECAST REPLACED BY NEXT IDEA
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