EUR/USD Price Outlook: Downtrend Continuation expected
Price action analysis shows that bears are strong and EUR/USD may keep moving lower over the course of the next few days.
If price breaks through the Bearish Flag, 1.1080 will be the next target for the bears.
Possible Trade Signal
Sell Entry : 1.1220-1.1248
Stop Loss: 1.1274
Take Profit: 1.11
The above signal will be valid only if price action supports a Sell trade at the time of trade execution.
If price breaks through the Bearish Flag, 1.1080 will be the next target for the bears.
Possible Trade Signal
Sell Entry : 1.1220-1.1248
Stop Loss: 1.1274
Take Profit: 1.11
The above signal will be valid only if price action supports a Sell trade at the time of trade execution.
Comment:
EURUSD breaks above the flag and also the crucial 100 moving average in the hourly chart. Current price action doesn't support a Sell trade as planned.
Comment:
New Sell Trade Set-up
