chanel
Short

Short Euro/USD Intraday on Momentum

FX:EURUSD   Euro / U.S. Dollar
43 0 3
The euro             has been relatively quiet due to the lack of data coming out of the euro             zone. The pair seems to be consolidating with bears in control. US equity markets have shown decent gains after joining the "helicopter-money" rally in Europe. JP Morgan had stronger than expected earnings with Citi and Wells Fargo expected to report the same. US jobless claims remained at 254K better than the expected 265K.

On the technical side, intraday price has continued to reject the resistance area between .1155 and 1185. The pair formed a pin bar that is in line with the overall trend at a key level.

If the pair decides to continue to the downside, I still have an order open at 1.1000 with a target of 1.0880.
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