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Mihai_Iacob

EurUsd is in sell zone

Short
Euro / U.S. Dollar (FX:EURUSD)  
Mihai_Iacob  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators EURUSD eurusdshort eurusdforecast eurusdidea eurusdsignal eurusdanalysis eurusdprediction eurusdtrade eurusdoutlook
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trendanalysis chartpattern indicator eurusd eurusdshort eurusdforecast eurusdidea eurusdsignal eurusdanalysis eurusdprediction eurusdtrade eurusdoutlook
Since the beginning of 2021, EurUsd is in a clear downtrend with the pair dropping from 1.24 to 1.08 recent low at the beginning of March.
After it has reached this low the pair has started to move higher but the rise is corrective in nature.
At this moment EurUsd is in a strong resistance zone and the odds are in favor of a drop.
I'm bearish as long as the price stays under 1.1250
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