FXHighway
Short

EURUSD negotiates the descending channel's support

FX:EURUSD   Euro / U.S. Dollar
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4
231 0
Target: 1.0000
Risk: 1.0875

Technical Reasons:

The EURUSD moves at the descending channel’s support, but the price still within the broadening bearish track ,which offers more negative pressure on the upcoming trading.

The exponential moving averages 50 and 100 supports the continuation of the bearish trend , and stochastic moves at the overbought areas to add more support to the chances of continuing the decline.

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