Hello traders, in the daily chart, EUR/USD is now below the 100-day
exponential moving average level. In addition, the price has also reversed
from the top of the price channel.
A combination of these two factors may limit the upside in EUR/USD. So,
as long as price stays below the key 1.0750 level, the oulook is negative
for EURUSD.
My trading plan in EUR/USD is to sell the rallies as long as price stays below
the 1.0750 level. Initial target would be set at 1.0580.