Euro / U.S. DollarShort
Eurusd downtrend
EURUSD
The market has broken through the support and went towards next support levels by forming big impulse leg and breaking out of the range. The market is ranging after impulse move. Price updated its lows and it fix below the range zone. I think the market will retest resistance and lower border of the range zone and fall. I expect retest of resistance, then a downtrend towards main support levels. My target is support at 1.05040.
The market has broken through the support and went towards next support levels by forming big impulse leg and breaking out of the range. The market is ranging after impulse move. Price updated its lows and it fix below the range zone. I think the market will retest resistance and lower border of the range zone and fall. I expect retest of resistance, then a downtrend towards main support levels. My target is support at 1.05040.
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