EUR/USD was traded in last mouth in a small up trade from 1.0400 to 1,0800. We can see that market lost momentum around 1.0800 level and stats pushing back. Still we don't have enough signs for a down move development but i expect market soon to form a reversal pattern. Look for a close below 13 days MA or a fast rejection above 1.0820 level. The second scenario being more likely to happened from my point of view.
Trade closed: target reached:
EURUSD close to an important support area 1.0600/1.0570 i advice closing the position and going short below 1.0550.
