ForexTrendline

What do we expect from EURUSD?

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
EURUSD is currently in a downtrend on the H1 chart. We sent out multiple selling opportunities in this trend. Now we expect another downside move but...

Before that we have ECB Interest Rate Decision. Those news could affect price by temporary taking price back to a higher levels.
Any of those upside moves should end below 1,1880 in order for price to remain in a downtrend.

And at this moment of price going back to the upside we could find the best risk to reward ratio trades! If price reaches 1,1800-30
and it then gives us a rejection signal then that will be a perfect entry opportunity. Before that all we're gonna be doing is wait and trade the other instruments.

In case of price continuing lower, next target is 1,1700!
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Comments

if price breaks out and form continuation correction, then it might continue, but if it does not then your outlook will be the on point :) thx
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ForexTrendline jojofang0901
@jojofang0901, yeah we'll see but we should see price lower :) thanks for the comment!
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keep it up, neat updates for short-term traders
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ForexTrendline ProjectSyndicate
@ProjectSyndicate, Thanks for the support!
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Excellent setup,thank you!
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ForexTrendline OptimoomFX
@OptimoomFX, thank you!
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Good to know, thank you!
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@TradeDRR, you're welcome, thanks for the comment
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