Tough economic conditions in the Euro Zone despite the soften recent bounce back from Q1 and Brexit Chaos have put a lot of downward pressure momentum on the Euro which is reflected by the over trend on the Daily timeframe.
On the 1 hour chart, bearish signals show up by - Bearish flag at the 5th EW - Three Black Cros breaking the 0.618 level - Death Cross of EMA 55 - 200
Price target for a short position 1.1150 range lower range 1.1178 stop loss range Risk/reward ratio 5.2