moorekapital
Short

EURUSD IN DOWNLEG MODE

FX:EURUSD   Euro / U.S. Dollar
38 1 3
TRENDS ARE LIKE VERY HEAVY LONG VEHICLES.
THEY DO NOT CHANGE COURSE ABRUPTLY WITHOUT A STRUGGLE.
SELDOM DO PRICE MAKE A 'V" BOTTOM OR ''V'' TOPS.

1. On Daily, The Pair Broke Inner Downtrendline & Minor Rallied Relative To The Long Term Downtrend To The Left.
2. Price Is Currently On Its Way , Making The First Legdown=Selloff, Following The Down Trendline BO
3. Mostly, Prior Zones Where Price Spend Most Of Its Time Tend To Become Magnets.

PRICE SPENT MOST OF ITS TIME TRADING IN THE 1.0800 PSYCHOLOGICAL LEVEL PRIOR TO THE FIRST MINOR RALLY.
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