EURUSD bears take full control, what's next?
The breakout from the 372-day-old triangle pattern mentioned last week has failed, with the price now back below the downward-pointing trend line. As the price is within the pattern, it might seek to reach the opposite side, at 1.0691.
Yet a more realistic game plan and potential targets for bearish traders include the July 9th low of 1.0809. The trend will remain bearish as long as trading stays below 1.0902.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Yet a more realistic game plan and potential targets for bearish traders include the July 9th low of 1.0809. The trend will remain bearish as long as trading stays below 1.0902.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
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