InvestingScope
Short

New bearish attempt to break lower. Short.

FX:EURUSD   Euro / U.S. Dollar
Following DX's strong support bounce at 93.90, EURUSD was again rejected at 1.17310 forming a new minor 4H Channel Down ( RSI = 38.582, Highs/Lows = -0.0041). 1D has again crossed into the bearish zone ( RSI = 44.388, Williams = -68.539) but only marginally, and since it has been practically trading sideways since late May, calling a new Low bears additional risk. With DX however on a 1D Rising Wedge (Higher Lows) it is not unrealistic to expect a new High above 95.45. Based on that we are keeping our TP = 1.15531.
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