Peet_Serfontein

EURUSD: heading for 1.1600?

Short
FX:EURUSD   Euro / U.S. Dollar
Heading for oversold territory. A bearish MACD crossover on the daily time frequency remains intact, supporting dollar strength. Downside price momentum supports the bearish trend direction. Price objective for a break down out of the Symmetrical triangle pattern is around 1.1600. Upside target for a break above 1.1690 will be 1.1744.

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