ForexTrendline

Is the EURUSD rise complete?

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
As you already know, we're waiting for the rise on EURUSD to finish, so we can then enter short.

On Friday we had the first signs for a possible end of the upside move on H1

We have a high and then a trendline breakout.

Now we expect to see a lower high and a breakout of the previous low.

This will confirm the reversal and we would expect a downtrend continuation.

The first levels where we will probably see price next are 1,1297.

Follow us to find out where are the next support levels and how EURUSD will develop
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