Euro / U.S. DollarShort
EurUSd Trading Update.
The Pair has been moving down gradually as we have predicted. The downward trend was halted yesterday at the touch of the 100MA on 4 h which acted as a strong support for the pair causing it to bounce upwards. This morning however, this barrier has been broken successfully with the asset currently trading below the 100 MA support turned resistant oint now at 1.1721.
We would be looking for more downward trend on this pair, especially towards the 1.15xx area where the next real test lies.
For now however we keep being bearish on the pair.
We would be looking for more downward trend on this pair, especially towards the 1.15xx area where the next real test lies.
For now however we keep being bearish on the pair.
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