EURUSD still in a downtrend

The downtrend that started in the beginning of the month continues.
However, that doesn't mean we shouldn't see any upside move as well.
Especially for the intraday traders, a move of 50-100 pips would look like a reversal.

That's why it's important to be able to identify the trend and a potential reversal.

We're now expecting for price to go below last week's lows,
but before that happens we're also considering a move in the opposite direction.

If price goes up to 1,18 that would be the best entry opportunity to get involved in a short trade!

Stops should be above 1,1820!