The EURUSD is accelerating lower against the dollar and there are some clear targets in case we see a bearish continuation. The safest trade is to wait for a minor consolidation (for those not in the trade) and sell the continuation. I expext to see a test of 1.11 and maybe 1.08. However EURUSD is still in a consolidation on the daily time frame, we need more price action to determine whether this consolidation is over or not.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.