InvestingScope
Short

EURUSD: Still bearish under the 4H MA50 and MA200.

FX_IDC:EURUSD   Euro / U.S. Dollar
The pair turned lower again after getting rejected on the 4H MA200 and as long as this holds as Resistance it will remain bearish . Based on our latest trading plan, the 1.06500 Target is still intact:


The bearish trend will be enhanced if the 4H MA50 holds but if broken we expect a minor rise to the MA200 and then back below 1.0800 again. Short term Buy/ Sell positions can be opened within the 31.50 - 68.00 4h RSI Rectangle .


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