EUR/USD has room to go even lower towards 1.2050

10 giu 2021

Hello traders! This idea is a continuation of my previous sell idea where I
recommended selling EURUSD@1.2185-1.2208. So, traders who followed are already in profit.
(Previous idea attached below)

Currently, I have switched to the daily chart and you can see that yesterday's daily candle has
a long wick at the top which indicates sellers have the upper hand for now.

Today, we also have the ECB monetary policy event where ECB is likely to continue it's existing
monetary policy. This might weigh negatively for the Euro and EUR/USD might head lower.

So, based on the technical and fundamental aspect, being short EUR/USD seems like a good idea.
I recommend selling the rallies and targeting 1.21 and 1.2050 are as TP. I am already holding multiple
sell trades from 1.2213 to 1.2185.

12 giu 2021

Nota

First target at 1.21 hit