Mihai_Iacob

EurUsd eyeing 1.07 support

Short
FX:EURUSD   Euro / U.S. Dollar
In my previous post on EURUSD , I mentioned that the pair likely peaked in the 1.1 zone, and rallies above 1.09 should be sold.
As anticipated, the pair declined following another attempt to rise above 1.09, and it is currently trading at 1.0818.
I maintain my belief that further downside is probable, with 1.07 remaining my target. Therefore, my strategy continues to be selling rallies, with a reconsideration if the pair surpasses 1.0950.

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