TheBanker

at the right price i'll buy anything (except euros)

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
EURUSD has been consolidating within a broad range since March 2015,we are now breaching below the lower 1.0465 level indicating further downside is to be expected. I will be uploading another chart for the daily soon after this, you'll notice the pair has moved below a multi month descending channel .

Very short term the pair is likely to drift toward the 1.03 levels, in the event of a break below and extending the correction we can see 1.0180 and 1.00

Likes and comments are always appreciated

Comments

EURUSD appears to have formed an ending diagonal? If true, EURUSD has limited downside?
Reply