alexkyp

EURUSD potential SELL

Short
FX:EURUSD   Euro / U.S. Dollar
The pair has been consolidating currently below 1.14 and broke that on Friday currently trading at 1.1360.
There is no indicator that is supporting a reversal and combined with the upward trend of the DXY we can expect the pair to drop further. Next support to test is the daily trendline at 1.1350 and the support area at 1.1320 a break below that we can expect it to test the 1.12 area
Also some fundamentals that support a further downward trend
-political uncertainty in Italy and France, may lead annual growth to fall below its mid-2014 cyclical low in Q4 2018
- There is several news for EUR in the upcoming week you may focus on those results for further confirmation
-- There is expectations of EUR to rise to 1.22 but not in the upcoming weeks the predictions are for end of 2019