RLinda

EURUSD ! False breakdown of the limit level. Falling

Short
RLinda Updated   
FX:EURUSD   Euro / U.S. Dollar
EURUSD is trading in a fairly wide range - 1.05800 - 1.0366. The price at some point moved into a local cumulative flat between 1.0472 and the resistance of a large range. A false breakdown was made and at the moment the price is fixing under the level. The trend is down.

I assume that EURUSD may fall after it finishes fixing below the level. Short-term target - support 1.04717. Medium-term target - the lower limit of the large range - 1.0366

Sincerely, R. Linda!
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