chriswbailey
Short

EURUSD - Next Leg Down

FX:EURUSD   Euro Fx/U.S. Dollar
656 5 7
Please see comments on chart.

Multiple confluences for a short trade, included entry, stop and target FYI.

Dollar-long set ups making appearances on multiple currency pairs is an added confluence for a short trade.

As stated we could see a slight continuation up before we descend lower.

Any movement above 1.10 and this analysis is invalidated.

Initial target of recent lows, however depending on price action I may extend target to 1.02/03
but with your DXY falling analyses how you expect EU to new lows?
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ignore my comment, wrong chart
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Good Analysis ! Keep It Up
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no double top in downtrend
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