1. EUR is expected to continue its downward trend after small pull back
2. Fundamentally, uncertainty about Italian budget and Brexit issues remain.
Red arrows: Ideally, we shall wait until price pulls back to 1.13000 to take short position, take profit at 1.16000
Green arrows: however, the market does not always go very ideal as yesterday also approved that. Take short position at around 1.12400 and take profit at around 1.16000
2. Fundamentally, uncertainty about Italian budget and Brexit issues remain.
Red arrows: Ideally, we shall wait until price pulls back to 1.13000 to take short position, take profit at 1.16000
Green arrows: however, the market does not always go very ideal as yesterday also approved that. Take short position at around 1.12400 and take profit at around 1.16000