This year we have seen a big consolidation in the EURUSD
, product of the uncertainty behind the central banks(Fed, ECB) undecision about the stimulus degree they are going to provide in the mid term. Some FOMC members are giving signal about two more possible increase in the Interest rate for this year. All this situation is the cause of the downtrend movement in the currency.
My technical view, is about to take the chance in a retracement to the 1.1200 price lvl
, in order to short it.