EURUSD resumption of the Downtrend
As I advised traders in my previous analysis to sell the pair from 1.1180-1.1200 level Those trades will be in profits now. EURUSD is in a clear short-term Bearish Trend and is moving towards the Kumo cloud. We might see the reversal from the cloud but it's too early to say. Right now trend is clearly bearish and the price is making lower lows and lower highs. I placed my short from 1.1200 last week and also advised other traders to do that too. I haven't seen any reversal signs yet as we are looking forward towards my mentioned target area at 1.1000-1.0950.
Recommendations: Sell on rallies with stop loss above Yesterday's high and target 1.1000.
Good Luck
Recommendations: Sell on rallies with stop loss above Yesterday's high and target 1.1000.
Good Luck
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