The good mood from the end of last year faded away and left us, once again, with a strong resistance at 1.1000. And from here the misery starts. It really doesn't look good for the Euro
against the USD as the odds are long that the EUR finds its way out the undertow of the negative trend anytime soon.
I use it as an opportunity to look for short entries and with today's analysis I explain you why I think it could be profitable to enter a short trade by the end of the day.
Read the full analysis here: http://dluginacci.com/eurusd-new-downmove-started/