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Short

Short downward trend of EUR/USD

FX:EURUSD   Euro Fx/U.S. Dollar
58 0 4
Both the 20 count and the 100 count linear regressions show a downward trend for the EUR/USD             . The 9 period sma has also crossed below the middle bollinger band and the exchange rate, which is in itself a sell signal.Moreover, the EURUSD             exchange rate is 0.72 standard deviations above the 20 count standard deviation. Therefore, the EUR/USD             should be shorted at 1.2220 with TP at 1.121 SL at 1.224
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