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Mihai_Iacob

EurUsd- Will it drop to 1.05?

Short
Euro / U.S. Dollar (FX:EURUSD)  
Mihai_Iacob  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators eurusdtrade EURUSD eurusdsignals eurusdanalysis signals signalservice signalprovider Contains image
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trendanalysis chartpattern indicator eurusdtrade eurusd eurusdsignals eurusdanalysis signals signalservice signalprovider containsimage
EURUSD started the year badly, with the price falling more than 300 pips and reaching the important 1.07 zone support.
Now the pair is in a normal rebound after touching this level, the overall structure is bearish though.
1.08 is resistance and, in my opinion, rallies in that zone should be sold.
a reversal from that zone followed by a break of support could lead to a drop to important 1.05.
I'm bearish as long as the price stays under 1.09
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