Euro / DollaroShort
EurUsd to resume its downtrend
In the past 10 days or so, I said that EurUsd could correct towards 1.08 very important resistance and after the pair reached 1.0786 it started to drop.
At this moment EurUsd is trading at 1.0710 and as long as the 1.08 zone resistance is intact, sell rallies can be a good strategy.
The first target for bears can be 1.06, but, in the medium term, the pair can drop and retest the previous low.
At this moment EurUsd is trading at 1.0710 and as long as the 1.08 zone resistance is intact, sell rallies can be a good strategy.
The first target for bears can be 1.06, but, in the medium term, the pair can drop and retest the previous low.
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