Euro / U.S. DollarShort
The next target on EURUSD
The downside move on EURUSD continues. We have lower lows and lower highs.
Now we are waiting for the next drop. The furst support level is 1,1640, and the probability for a break below is now higher.
That's why we need to find out where is the next support.
If you're selling you could use 1,1610 as your target, but mind that first support level as well.
Don't forget that it is Friday today and traders are usually collecting profits so that leads to some deeper pullbacks!
Now we are waiting for the next drop. The furst support level is 1,1640, and the probability for a break below is now higher.
That's why we need to find out where is the next support.
If you're selling you could use 1,1610 as your target, but mind that first support level as well.
Don't forget that it is Friday today and traders are usually collecting profits so that leads to some deeper pullbacks!
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