Kaustuv

Short downward trend of EUR/USD

Short
FX:EURUSD   Euro / U.S. Dollar
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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