Euro / U.S. DollarShort
Expect drop on EURUSD
Expect EURUSD to be bearish from here.
Broke out of ascending channel 2 weeks ago. No forming a new descending channel.
Reaching top of new channel and a strong (recent) support area.
RSI and MACD are bearish (RSI respecting down trend line), so expect a drop from here. Potentially to the 1.16 area but can go down more eventually to 1.14.
Let's see!!
***leave your comments and likes!! Happy trading****
Broke out of ascending channel 2 weeks ago. No forming a new descending channel.
Reaching top of new channel and a strong (recent) support area.
RSI and MACD are bearish (RSI respecting down trend line), so expect a drop from here. Potentially to the 1.16 area but can go down more eventually to 1.14.
Let's see!!
***leave your comments and likes!! Happy trading****
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