My view on eurusd was allways short, even when it made that spike up, which looked like a fake movement.
This movement was due to fundamental news which came last week, institutions selled of Dxy which made eurusd fly.
But this week eurusd its showing again its true trend. I believe it will reach 0.92 target but for next days we can expect this setup.
Break of support at 1.8300, touching 1.07300, retesting 1.08300 support which will become a resistance again, then free fall from there till 1.0600/1.0500
Im on a sell atm SL 1.8900 first tp 1.07300
This movement was due to fundamental news which came last week, institutions selled of Dxy which made eurusd fly.
But this week eurusd its showing again its true trend. I believe it will reach 0.92 target but for next days we can expect this setup.
Break of support at 1.8300, touching 1.07300, retesting 1.08300 support which will become a resistance again, then free fall from there till 1.0600/1.0500
Im on a sell atm SL 1.8900 first tp 1.07300