The eurusd have seen a nice correction in the last 24Hrs, this move is a chance for us to sell the rally in the pair. On Tuesday price broke down the significant/structural point 1.0808 which is a big sign of weakness in the pair, now price is retesting a significant point 1.0869 which is the break point of the initial down move.
A short is initiated here with anticipation that price will continue lower and more low is expected below the Monday low of 1.0709.
A stop is placed above 1.0940. Next target is 1.0635 area.
You can watch our EURUSD Weekly analysis video here: www.youtube.com/watch?v=SDMLlnE1...
GLT and trade with care.
Follow us on twitter: @charts_247
A short is initiated here with anticipation that price will continue lower and more low is expected below the Monday low of 1.0709.
A stop is placed above 1.0940. Next target is 1.0635 area.
You can watch our EURUSD Weekly analysis video here: www.youtube.com/watch?v=SDMLlnE1...
GLT and trade with care.
Follow us on twitter: @charts_247