EURUSD short

18 May 2016

The EURUSD is accelerating lower against the dollar and there are some clear targets in case we see a bearish continuation. The safest trade is to wait for a minor consolidation (for those not in the trade) and sell the continuation. I expext to see a test of 1.11 and maybe 1.08. However EURUSD is still in a consolidation on the daily time frame, we need more price action to determine whether this consolidation is over or not.

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