ScholarGC

Heading Lower on EURUSD

Short
FX:EURUSD   Euro / U.S. Dollar
After a quick snap to retest previous highs during the london session, EURUSD is looking to continue to the downside as the pair falls into the all important 1.1300 support level. I am currently short on this pair having seen the retest and break below the 6 dynamic exponentialmoving average. On wensday we will see FOMC minutes as they concur with current market sentiment of 2 more rate rises in the next few months. EURUSD could potentially break yearly lows again as the fall continue.

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