EUR/USD Forecast: Short

Here is our analysis on EUR/USD

RECAP: (Previous Analysis)

In our previous analysis EUR/USD was trading @ 1.19800
We were bearish on the pair and did note how the pair was going to fall back to
the 1.18 range and this is exactly what happened
The pair triggered our Sell Stop & hit our TP enabling us to bank 400 pips on the pair.

WHAT TO EXPECT:

Currently @ 1.19150
EUR/USD is Bearish we expect the pair to test support @ 1.18600 &
attempt to break below this support as the DXY & US10Y are bullish
The pair might test resistance @ 1.19500 before falling back to the lower 1.19
If the pair manages to break resistance @ 1.19500 & 1.19800 this will confirm a bullish move on
the pair.

OUR POSITIONS:

Buy Stop @: 1.19600
Buy Stop TP @: 1.19800
Sell Stop @: 1.19
Sell Stop TP @: 1.18800

Link to previous analysis below

Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.