EURUSD – Up
Eur continues to decline in a systematic manner, yesterday, Eur formed a free weekly low and is still very bearish. Today, and in the coming week, I expect a decline towards 1.2085 and may break even lower. If you’re not short already, you could wait and resell Eur upon a break below 1.2085, or re buy it upon a bounce from 1.1708. As it is on the weekly chart above, only a sell position can be recommended, but if the price can rise above 1.2500, or bounce from 1.1708, then these will be the ideal places to buy Eur.
Remain short towards 1.1708
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