Trader_97
Short

EUR/USD OUTLOOK & TRADE IDEA :

FX:EURUSD   Euro Fx/U.S. Dollar
269 0 6
Ok so last week we saw the Euro/Dollar broke out of the T.L support from 18th of December , consolidated for a short while and continued to decline.We closed the week @1.07864 so the price now stands at the centre of the bearish channel it's trading in.Also right below we have the 0.382% retracement level.A close below this and the doors for another move to downside will be open.So we could see a short term rebound from here next week if a certain pattern shows up there before resuming to the downside or if price closes below the area , we may see it continue moving lower to the 0.50% retracement level @ 1.0788 area and if it doesn't hold expect the 0.618% retracement level to come into play which lies @ 1.0724 area
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