EURUSD A chance to SELL

22 cze 2017

EURUSD reached 1.11190 and reversed back and didn't reach my target. This can be dangerous for Bears as the price is now up from both tenken sen and kijun sen lines. Price has broken the short term resistance but it maybe a false breakout and I continue to expect the price to move lower at least towards 1.10500 before any upward move, price can either reach 1.09500-1.10000. I am Bearish on EURUSD as long as we keep defending the cloud resistance at 1.12200 and I still believe more downside is remaining in the pair.
Recommendations: Place SHORT near 1.11800, Stop Loss at 1.12500, Set the target at 1.10500.

Good Luck...