EurUsd - Downtrend Intact Despite Loss Of Momentum

7 Eki 2017

EurUsd lat week broke below key support at 1.17381 and is currently testing it as resistance forming a Bear Flag in the process. As the downtrend is still intact we will look for further declines in the EurUsd towards the targets of 1.16399 and 1.15167 respectively. Only a clear break and run above the downward sloping trend line and key resistance of 1.17381 will negate the current Bearish bias.