Forex Technical Analysis: Trend potential – Sell a break below the recent lowest low.

EURUSD – Up

Technical Observation

EURUSD is in an active downtrend. While the price is contained within the declining, yet contracting wedge formation, I expect a possible acceleration even further to the lowerside. If you’re looking forward to having a long term trade, then this pair is the best choice, wait for a retracement back towards the upper trendline then pick a low risk sell order. Alternatively, you could wait for a break below the recent lowerside low, then pick a low risk sell order towards 1.0765 and could continue even lower.

Trade Recommendations:

Sell a break below the recent lowest low.

TRADE METALS WITHOUT SWAPS!

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