Short to 1.15531 (November Low)

28 May 2018

EURUSD remains on a 1D Channel Down (RSI = 25.205) with distinct entry and exit points (Highs/Lows = -0.0132) on a slow pace (MACD = -0.013, B/Bp = -0.0184). The 1.7226 session High was a Lower High on the 4H Channel Down (STOCHRSI = 24.294) and the maximum it can rise to without breaking the bearish trend is 1.17310 (which is an immediate short entry). Our target is still the November 7th bottom = 1.15531. After that we may see a healthy push up towards 1.21 on a 1-2 month horizon, but until then we will make many updates depending on the price action.