Forex Technical Analysis: Trend potential – Sell EURUSD from 1.11153 with your take profit at 1.10547.

EURUSD – Up

Sell EURUSD from 1.11153 with your take profit at 1.10547.

Technical Observation

Yesterday,Despite the massive move seen earlier yesterday, EURUSD failed to breakout above 1.11694. Instead the pair barely hit this target before turning around to the lowerside. We’re holding onto a sell following the sell signal seen above, and because the price went below the level 1.11153, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the previous downward rally and should go even further towards 1.10818.

Trade Recommendations:

Sell EURUSD from 1.11153 with your take profit at 1.10547.

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