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Short

forexTrdr EURUSD - LOWER HIGH DOWNTREND CONTINUE

FX:EURUSD   Euro / U.S. Dollar
Morning traders,

Back into the market after a long weekend in both U.K. and U.S. and we are looking at the continued downtrend of Euro versus US dollar .

A series of lower highs continues to form with support around 1.11 area providing a short opportunity of 90 pips. We also have the formation of an Evening star candle or tweezer top if looking on longer time frames. Both point to a bearish pattern forming.

Additionally we have heightened tension with Italian government and the EU likely to add negative headlines over the coming trading week.


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Good luck trading

from the Team at forexTrdr



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May 29
Trade active: take profit 1 hit
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