Price has been down since last month and if price retraces back up and test the 1.32126 price area and shows bearish evidence to the downside, it could be a great chance to short the pair again with potential target around 1.28385.
If price goes up testing the resistance zone around 1.33062 and shows some bearish evidence to the downside it would be a great opportunity to short the pound. A potential target would be around 1.29649.
For this week reviews, I'm bearish on EURUSD for the whole month based on fundamental analysis. The market has been moving sideways since October 2018. So here are the two potential price levels to watch for this week to go short:
I will wait for price to test one of these resistance levels and show some bearish evidence to the downside...