EUR/USD , BEARISH UNDER 1.1789 USD
The bearish basic trend is very strong on EUR/USD
but the short term shows some signs of running out of steam.
SELL can be considered as long as the price remains below 1.1789 USD.
if price cross the first support at 1.1742 USD would be a sign of a further potential price plummet.
then use the next support located at 1.1713 USD as target . then to target 1.1668 USD.
Caution, if price moves above the resistance located at 1.1789 USD would be a sign of a possible consolidation phase of the short-term basic trend
but the short term shows some signs of running out of steam.
SELL can be considered as long as the price remains below 1.1789 USD.
if price cross the first support at 1.1742 USD would be a sign of a further potential price plummet.
then use the next support located at 1.1713 USD as target . then to target 1.1668 USD.
Caution, if price moves above the resistance located at 1.1789 USD would be a sign of a possible consolidation phase of the short-term basic trend
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